Eraaya Lifespaces Ltd Share Price – BSE

Finance, Small Cap

Eraaya Lifespaces announced that its subsidiary, Ebix Travels ? a leading global provider of comprehensive travel solutions ? has been appointed the Official Travel Partner for WAVES Bazaar 2025. This marks a significant milestone for Ebix Travels and further solidifies its leadership position within the travel industry.

World Audio Visual & Entertainment Summit [WAVES Bazaar, 2025] is a prestigious global initiative, spearheaded by the Government of India, scheduled in Mumbai from May 1-4, 2025, serves as a premier global marketplace for the Media and Entertainment (M&E) industry.

WAVES Bazaar, 2025 has been conceptualized in collaboration with FICCI Frames Content Marketplace, the event aims to catalyse international cooperation, unlock co-production opportunities, and stimulate meaningful business exchanges. Among its many highlights, the summit will feature a structured Buyer-Seller segment, offering direct engagement among producers, studios, broadcasters, and leading streaming platforms.

As the Official Travel Partner, Ebix Travels will be responsible for delivering comprehensive travel and hospitality solutions for both domestic and international delegates. Leveraging its global footprint and advanced, tech-enabled infrastructure, Ebix Travels is dedicated to ensure a seamless, efficient, and enriching travel experience that aligns with the global ambitions and stature of WAVES Bazaar 2025.

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Eraaya Lifespaces announced that the Company has initiated legal action(s) against Elara Capital PLC in High Court of Justice, Kings' Bench Division, England and Wales for release of remaining FCCBs proceeds amounting USD 40 Million.

Background: Eraaya Lifespaces after obtaining in principle approval from its members in the Extra-Ordinary General Meeting held on 29 July  2024, issued an Offering Circular dated 23 August 2024. Pursuant thereto, Foreign Currency Convertible Bonds due 2031 (FCCBs) totaling to USD 120 Million were issued.

However, proceeds of the FCCBs issued by the Company, in the amount of USD 40 Million has not been received by the Company. The Company has initiated legal action(s) in regard to the same against Elara Capital PLC, which was appointed by the Company to advise and assist the Company for the entire process of raising funds by issuing FCCBs, but is wrongfully preventing the release of the aforementioned proceeds to the Company, thereby acting against the interest of the Company.

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Eraaya Lifespaces announced that its subsidiary, Ebix Smartclass Educational Services (ESESPL), in Q3 FY 2024-25, has secured 424 contracts, amounting to an order value of Rs 5.28 crore. Year-to-date (YTD) December 2024, the company has successfully secured 1,392 contracts with a total order value of Rs 30.82 crore.

Looking ahead to Q4 FY 2024-25, Ebix Smartclass anticipates securing more than 700 contracts with an estimated order value of Rs 10 crore, further strengthening its market presence and growth trajectory.

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Eraaya Lifespaces announced that the Company has initiated legal action(s) against Elara Capital PLC in High Court of Justice, Kings' Bench Division, England and Wales for release of remaining FCCBs proceeds amounting USD 40 Million.

Background: Eraaya Lifespaces after obtaining in principle approval from its members in the Extra-Ordinary General Meeting held on 29 July  2024, issued an Offering Circular dated 23 August 2024. Pursuant thereto, Foreign Currency Convertible Bonds due 2031 (FCCBs) totaling to USD 120 Million were issued.

However, proceeds of the FCCBs issued by the Company, in the amount of USD 40 Million has not been received by the Company. The Company has initiated legal action(s) in regard to the same against Elara Capital PLC, which was appointed by the Company to advise and assist the Company for the entire process of raising funds by issuing FCCBs, but is wrongfully preventing the release of the aforementioned proceeds to the Company, thereby acting against the interest of the Company.

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Eraaya Lifespaces announced that its subsidiary, Ebix Smartclass Educational Services (ESESPL), in Q3 FY 2024-25, has secured 424 contracts, amounting to an order value of Rs 5.28 crore. Year-to-date (YTD) December 2024, the company has successfully secured 1,392 contracts with a total order value of Rs 30.82 crore.

Looking ahead to Q4 FY 2024-25, Ebix Smartclass anticipates securing more than 700 contracts with an estimated order value of Rs 10 crore, further strengthening its market presence and growth trajectory.

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Net loss of Eraaya Lifespaces reported to Rs 20.85 crore in the quarter ended December 2024 as against net profit of Rs 0.23 crore during the previous quarter ended December 2023. Sales declined 4.87% to Rs 17.20 crore in the quarter ended December 2024 as against Rs 18.08 crore during the previous quarter ended December 2023.

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Eraaya Lifespaces announced that its subsidiary, Ebix Travels ? a leading global provider of comprehensive travel solutions ? has been appointed the Official Travel Partner for WAVES Bazaar 2025. This marks a significant milestone for Ebix Travels and further solidifies its leadership position within the travel industry.

World Audio Visual & Entertainment Summit [WAVES Bazaar, 2025] is a prestigious global initiative, spearheaded by the Government of India, scheduled in Mumbai from May 1-4, 2025, serves as a premier global marketplace for the Media and Entertainment (M&E) industry.

WAVES Bazaar, 2025 has been conceptualized in collaboration with FICCI Frames Content Marketplace, the event aims to catalyse international cooperation, unlock co-production opportunities, and stimulate meaningful business exchanges. Among its many highlights, the summit will feature a structured Buyer-Seller segment, offering direct engagement among producers, studios, broadcasters, and leading streaming platforms.

As the Official Travel Partner, Ebix Travels will be responsible for delivering comprehensive travel and hospitality solutions for both domestic and international delegates. Leveraging its global footprint and advanced, tech-enabled infrastructure, Ebix Travels is dedicated to ensure a seamless, efficient, and enriching travel experience that aligns with the global ambitions and stature of WAVES Bazaar 2025.

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Eraaya Lifespaces announced that the Company has initiated legal action(s) against Elara Capital PLC in High Court of Justice, Kings' Bench Division, England and Wales for release of remaining FCCBs proceeds amounting USD 40 Million.

Background: Eraaya Lifespaces after obtaining in principle approval from its members in the Extra-Ordinary General Meeting held on 29 July  2024, issued an Offering Circular dated 23 August 2024. Pursuant thereto, Foreign Currency Convertible Bonds due 2031 (FCCBs) totaling to USD 120 Million were issued.

However, proceeds of the FCCBs issued by the Company, in the amount of USD 40 Million has not been received by the Company. The Company has initiated legal action(s) in regard to the same against Elara Capital PLC, which was appointed by the Company to advise and assist the Company for the entire process of raising funds by issuing FCCBs, but is wrongfully preventing the release of the aforementioned proceeds to the Company, thereby acting against the interest of the Company.

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Eraaya Lifespaces announced that its subsidiary, Ebix Smartclass Educational Services (ESESPL), in Q3 FY 2024-25, has secured 424 contracts, amounting to an order value of Rs 5.28 crore. Year-to-date (YTD) December 2024, the company has successfully secured 1,392 contracts with a total order value of Rs 30.82 crore.

Looking ahead to Q4 FY 2024-25, Ebix Smartclass anticipates securing more than 700 contracts with an estimated order value of Rs 10 crore, further strengthening its market presence and growth trajectory.

Powered by Capital Market - Live News

Eraaya Lifespaces announced that the Company has initiated legal action(s) against Elara Capital PLC in High Court of Justice, Kings' Bench Division, England and Wales for release of remaining FCCBs proceeds amounting USD 40 Million.

Background: Eraaya Lifespaces after obtaining in principle approval from its members in the Extra-Ordinary General Meeting held on 29 July  2024, issued an Offering Circular dated 23 August 2024. Pursuant thereto, Foreign Currency Convertible Bonds due 2031 (FCCBs) totaling to USD 120 Million were issued.

However, proceeds of the FCCBs issued by the Company, in the amount of USD 40 Million has not been received by the Company. The Company has initiated legal action(s) in regard to the same against Elara Capital PLC, which was appointed by the Company to advise and assist the Company for the entire process of raising funds by issuing FCCBs, but is wrongfully preventing the release of the aforementioned proceeds to the Company, thereby acting against the interest of the Company.

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Eraaya Lifespaces announced that its subsidiary, Ebix Smartclass Educational Services (ESESPL), in Q3 FY 2024-25, has secured 424 contracts, amounting to an order value of Rs 5.28 crore. Year-to-date (YTD) December 2024, the company has successfully secured 1,392 contracts with a total order value of Rs 30.82 crore.

Looking ahead to Q4 FY 2024-25, Ebix Smartclass anticipates securing more than 700 contracts with an estimated order value of Rs 10 crore, further strengthening its market presence and growth trajectory.

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Net loss of Eraaya Lifespaces reported to Rs 20.85 crore in the quarter ended December 2024 as against net profit of Rs 0.23 crore during the previous quarter ended December 2023. Sales declined 4.87% to Rs 17.20 crore in the quarter ended December 2024 as against Rs 18.08 crore during the previous quarter ended December 2023.

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