In a recent development, Eraaya Lifespaces, a lifestyle and hospitality company, has announced a plan support agreement for the acquisition of US-based EBIX Inc. The acquisition proposal includes the purchase of 100% of the equity in EBIX, as well as the assets and liabilities of its worldwide subsidiaries. The independent directors of EBIX have approved the acquisition. As part of the process, the Consortium, which includes Eraaya Lifespaces, has already remitted the 5% cash deposit required to move forward with the acquisition [ce97341c].
Eraaya Lifespaces is a multibagger stock that has delivered significant returns in the last three months and years. The stock has gained 103.75% in the last three months and an impressive 5917.37% in the last 365 days [ce97341c].