6,000 per cent multibagger returns: This micro-cap company has submitted its proposal to acquire 100 per cent of the equity of EBIX INC., USA

The stock gave multibagger returns of 6,000 per cent in just 1 year and an impressive 9,285 per cent over 3 years.

Eraaya Lifespaces Limited, along with a group of other investors (consortium), has expressed interest in acquiring Ebix, Inc. They submitted a proposal to Ebix's independent directors outlining their plan to buy 100 per cent of Ebix's equity. This acquisition, if successful, would be executed through a Chapter 11 Reorganization Plan. This plan would need to be negotiated between Eraaya, Ebix, and other major stakeholders, and ultimately approved by the Bankruptcy Court following the guidelines outlined in the United States Bankruptcy Code.

The terms of the proposal have the backing of Ebix's senior management, including the CEO. Eraaya and the consortium intend to work closely with Ebix's representatives to guide the company out of Chapter 11 using this proposed plan. As a sign of good faith, the consortium is prepared to provide a 5% cash deposit to Ebix upon signing a binding agreement. Their offer involves acquiring all the equity and assets of Ebix's global subsidiaries but specifically excludes any liabilities held by the North American arm of the company. There is a possibility, however, that the consortium might agree to take on certain liabilities, which will be clearly defined in the final agreement.

About EBIX INC.

Ebix, Inc. is a leading international supplier of on-demand software and e-commerce services to the insurance, financial, and healthcare industries. They provide end-to-end solutions for the insurance industry, from infrastructure exchanges and custom software development to agency systems and risk compliance solutions. Their "Phygital" strategy combines a network of 3,20,000 physical distribution outlets in Southeast Asian countries with an omni-channel online platform. EbixCash, their financial exchange portfolio, offers domestic and international money remittance, foreign exchange, travel services, prepaid and gift cards, utility payments, lending, and wealth management in India and other markets.

EbixCash is a leader in India's airport foreign exchange business, operating in 32 major airports and handling over USD 4.8 billion in gross transaction value annually. Their inward remittance business in India conducts approximately USD 5 billion annually, solidifying their leadership position. EbixCash, through its travel platforms Via and Mercury, is a leading Southeast Asian travel exchange with over 5,00,000 agents, 18,000 corporate clients, and an estimated USD 2.5 billion in gross merchandise value processed per year. With offices in over 8 countries, Ebix powers multiple insurance exchanges globally and conducts over USD 100 billion in insurance premiums annually on its platforms. They employ thousands of insurance and financial technology professionals to deliver SaaS-based software platforms, products, support, and consulting services to customers across six continents.

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About Eraaya Lifespaces Limited

Eraaya Lifespaces, a leading lifestyle and hospitality company, curates unforgettable experiences that blend luxury, comfort, and style. Rooted in Indian heritage, Eraaya offers unique escapes in iconic destinations and creates immersive environments that go beyond just living. Their commitment to excellence extends to flawless events, innovative content, and creating lasting memories. Eraaya seeks to expand its horizons through strategic acquisitions, leveraging its strong foundation and vision to explore new business ventures. This journey positions Eraaya to drive innovation, create stakeholder value, and shape the future of business in an ever-evolving market.

The company has a market cap of over Rs 1,000 crore with a 5-year stock price compound annual growth rate (CAGR) of 150 per cent. The stock gave multibagger returns of 6,000 per cent in just 1 year and an impressive 9,285 per cent over 3 years.

Disclaimer: The article is for informational purposes only and is not investment advice.