Multibagger Stock: Eraaya Lifespaces Soars 700% YTD: Stock Hits Upper Circuit on Game-Changing Ebix Acquisition

Eraaya Lifespaces’ share price has hit the 5% upper circuit, reaching a 52-week high of ₹947.50 on the BSE after announcing the completion of its acquisition of Ebix Inc. USA.

Eraaya Lifespaces has paid $151.577 million (₹1,273.25 crore) to acquire Ebix Inc. USA and its global subsidiaries. With this acquisition, the Chapter 11 bankruptcy proceedings for Ebix Inc. have ended, making Eraaya Lifespaces the holding company for Ebix Inc. and all its subsidiaries.

This acquisition allows Eraaya Lifespaces to explore new opportunities in On‐Demand software and E‐commerce services for industries such as insurance, finance, healthcare, entertainment, travel, and event organizing.

The acquisition was the result of a successful bid in June 2024, where Eraaya’s consortium emerged as the top bidder in an auction managed by the US Bankruptcy Court. The acquisition includes full ownership of Ebix Inc. and its global subsidiaries, along with all related assets and liabilities. The deal is valued at an enterprise value of $361 million (approximately ₹3,009 crore).

Ebix Inc. is a leading international provider of On‐Demand software and E‐commerce services, particularly for the insurance, financial, and healthcare sectors.

Eraaya Lifespaces’ share price has seen remarkable growth this year, rising by 731% year-to-date. Over the past year, the shares have surged by 6,358%, and over the past three years, they have increased by an astonishing 12,700%. The company currently has a market capitalisation of ₹1,742 crore on the BSE.

As of 1:15 pm, Eraaya Lifespaces’ share price remains locked at the 5% upper circuit at ₹947.50 on the BSE.