Eraaya Lifespaces
43.80
-0.20(-0.45%)
Market Cap₹839.00 Cr
PE Ratio49.21
IndustryAutomobiles
Company Performance:
1D-0.45%
1M+1.88%
6M+1.88%
1Y+1.88%
5Y+1.88%
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Latest news about Eraaya Lifespaces
Eraaya Lifespaces Takes Legal Action Against Elara Capital PLC for $40 Million FCCB Proceeds Mar 17, 2025
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.
Eraaya Lifespaces Takes Legal Action Against Elara Capital Over FCCB Proceeds Mar 17, 2025