Ebix Announces Eraaya Lifespaces Offer Tops for 100 PC Acquisition

Updated June 29, 2024, 4:15 PM EST

The company’s stock is a multiple growth performer, returning 121.5% in the last three months, as per data available on the BSE.

Ebix recognizes the Eraaya Lifespaces offer as the highest when purchasing 100 pieces. Image: Canva

Eraaya Lifespaces has informed the Bombay Stock Exchange (BSE) that the offer for acquisition The offer to acquire 100 per cent of the share capital of Ebix Inc., made by a consortium led by Eraaya, was considered by Ebix as the highest and best, valuing the enterprise at around Rs 3,009 crore.

The company said in a recent regulatory filing that it will accept the status of the company’s offer to acquire 100% of Ebix Inc. through a plan of reorganization. EBIX INC. is a leading international provider of on-demand software and e-commerce services to the insurance, financial and healthcare industries. The company said in an earlier filing that “the proposal contemplates the acquisition of 100% of the shares of Ebix Inc. by the Consortium, which includes the assets and liabilities of Ebix’s worldwide subsidiaries.”

The counter is a multibagger stock, returning 121.5 per cent in the last three months, as per data available on BSE. On a year-to-date (YTD) basis, the stock is up 621.81 percent. They have increased by 665.88 percent in the last 180 days. The stock has made investors richer by 6,840.45 percent in the last 365 days. Over the last three years, they have increased by as much as 11,538.00 percent.

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