Eraaya Lifespaces
39.99
-0.81(-1.99%)
Market Cap₹762.60 Cr
PE Ratio44.93
IndustryAutomobiles
Company Performance:
1D-1.99%
1M-24.58%
6M-51.88%
1Y-50.01%
5Y+5,454.17%
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Latest news about Eraaya Lifespaces
Eraaya Lifespaces Reports Rs 3,120.21 Crore Loss for FY25 Amid Ebix Acquisition and Legal Challenges Aug 02, 2025
Eraaya Lifespaces Limited reported a consolidated net loss of Rs 3,120.21 crore for FY25, down from a profit of Rs 33.89 lakh in the previous year. Revenue soared to Rs 14,805.21 crore, primarily due to the acquisition of Ebix Inc. The company now operates in four segments: Financial Technologies and IT Services, Foreign Exchange, Money Transfer and Payment services, Travel Services, and Other services. The Ebix acquisition was partially financed through FCCBs, which are facing legal challenges. The company's balance sheet shows total assets of Rs 40,964.29 crore and total equity of Rs 301.26 crore. Auditors highlighted ongoing legal proceedings and management changes. Basic earnings per share dropped to Rs -20.55.
Ebix Technologies Secures ₹140 Crore Contract for Maharashtra's Statewide Digital Transit Card Rollout Jul 24, 2025
Eraaya Lifespaces' Subsidiary Wins ₹140 Crore Contract for India's First Statewide Digital Transit Card Rollout Jul 22, 2025
Eraaya Lifespaces Board Approves FCCB Exit Strategy Amid Legal Disputes Jul 22, 2025
Eraaya Lifescapes Board Approves FCCB Exit Strategy Amid Legal Disputes Jul 22, 2025
More news about Eraaya Lifespaces
22Jul 25
Eraaya Lifespaces Initiates FCCB Exit Process Amid Legal and Ethical Concerns
Eraaya Lifespaces Limited's Board has unanimously decided to exit its Foreign Currency Convertible Bonds (FCCB) arrangement due to legal issues and misrepresentations. The company cites legal impossibility, conflict of interest involving Elara Capital, ongoing litigation, and a coordinated campaign against the company as key factors. The resolution process may include renegotiating terms, cancelling the FCCB issuance, and repaying bona fide bondholders. The company's Advisory Board, including former ED Chief Karnal Singh and former SEBI Chairman G.N. Bajpai, has endorsed this action, emphasizing integrity and responsible governance.
17Mar 25
Eraaya Lifespaces Takes Legal Action Against Elara Capital PLC for $40 Million FCCB Proceeds
Eraaya Lifespaces Limited has filed a lawsuit against Elara Capital PLC in the UK High Court over $40 million in unreleased proceeds from a $120 million Foreign Currency Convertible Bond (FCCB) issuance. The real estate company claims Elara Capital is wrongfully withholding the funds. Eraaya seeks the release of the $40 million and additional damages. The legal action follows the FCCB issuance in August 2024, which was approved by shareholders in July 2024.
17Mar 25
Eraaya Lifespaces Takes Legal Action Against Elara Capital Over FCCB Proceeds
Eraaya Lifespaces, a prominent real estate company, has launched legal proceedings against Elara Capital PLC concerning $40 million raised through Foreign Currency Convertible Bonds (FCCBs). The dispute could significantly impact Eraaya's financial position, corporate governance perception, and future fundraising capabilities. This legal battle may influence market sentiment towards the company in the short to medium term.
Eraaya Lifespaces
39.99
-0.81
(-1.99%)
1 Year Returns:-50.01%
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