Multibagger Penny Stock Jumps After Company’s Subsidiary EbixCash Partners with Mumbai Indians for 2025 T20 Cricket Season
The stock gave multibagger returns of 104 per cent in just 1 year and a whopping 9,600 per cent in 5 years.
On Friday, shares of Eraaya Lifespaces Limited gained 2.25 per cent to Rs 73.95 per share from its previous closing of Rs 72.32 per share. The stock’s 52-week high is Rs 316.90 per share, and its 52-week low is Rs 36.42 per share.
Eraaya Lifespaces Limited is excited to announce that its Indian subsidiary, EbixCash, has entered a strategic partnership with the Mumbai Indians as an Official Partner for the 2025 T20 cricket season. This collaboration signifies a substantial milestone for EbixCash, highlighting its commitment to supporting sports and engaging with a vast audience of cricket enthusiasts both within India and internationally. This partnership aims to leverage the extensive reach and popularity of the Mumbai Indians to enhance EbixCash's brand visibility and customer engagement, demonstrating a strong alignment between sports and business.
The Mumbai Indians, renowned for their five T20 tournament victories and their legacy of excellence, present an ideal partner for EbixCash. The team's global fan base, world-class players, and dedication to sportsmanship contribute to their immense brand value. This partnership will provide significant advantages to all stakeholders, including the Mumbai Indians, EbixCash, and Eraaya Lifespaces Limited. Benefits include increased brand visibility across stadiums, broadcasts, and digital platforms, enhanced trust and credibility for EbixCash, and amplified corporate brand positioning and business opportunities for Eraaya Lifespaces Limited. The strategic sponsorship will also facilitate networking, market expansion, and valuable media exposure.
Mumbai Indians spokesperson said, "Mumbai Indians is excited to welcome EbixCash as our partner, connecƟng their innovaƟve financial services with our passionate fan base for a winning collaboration both on and off the field."
Speaking on the partnership, Dr Vikas Garg, Director, Eraaya Lifespaces Limited said: “We are thrilled to join hands with Mumbai Indians for the 2025 T20 season. This partnership aligns with our vision to engage with India’s dynamic audience and strengthen our brand presence through the passion for cricket. We look forward to an exciting season ahead.”
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About the Company
Eraaya Lifespaces Limited, a leading lifestyle and hospitality company renowned for its luxurious and culturally rich experiences, is embarking on a strategic expansion. Building on its success in creating unforgettable journeys, Eraaya seeks to diversify its portfolio through mergers and acquisitions. This ambition was recently realized with the acquisition of Ebix Inc. USA and its global subsidiaries in June 2024. This significant acquisition, valued at USD 361 million, marks a pivotal moment for Eraaya as it ventures into new business domains, driving innovation and creating value for all stakeholders while navigating the dynamic and evolving market landscape.
According to Quarterly Results, the net sales increased by 3,584 per cent to Rs 666.11 crore and net profit increased by 130 per cent to Rs 0.53 crore in Q3FY25 compared to Q3FY24. Recently, in the exchange filing, the company disclosed that the promoters of the company have acquired 14 lakh shares on the conversion of warrants. Eraaya Lifespaces Limited has declared a 10:1 stock split. This means that each existing share with a face value of Rs 10 will be divided into ten new shares, each with a face value of Re 1. The ex-date for the stock split was Friday, December 06, 2024.
The company has a market capitalisation of over Rs 1,400 crore and a 300 per cent 3-year stock price CAGR. The stock gave multibagger returns of 104 per cent in just 1 year and a whopping 9,600 per cent in 5 years. As of December 2024, the company's promoters own 35.17 per cent stake, FIIs own 22.63 per cent, DIIs own 1.84 per cent and the rest 40.41 per cent stake is owned by the public.
Disclaimer: The article is for informational purposes only and not investment advice.