10,000 per cent multibagger returns: Heavy buying witnessed in this small-cap stock under Rs 800; Gains over 4 per cent in just 1 day!

The stock gave multibagger returns of 6,260 per cent in just 1 year and an impressive 10,000 per cent in 5 years.

Today, shares of Eraaya Lifespaces Limited gained 4.63 per cent to Rs 769 per share from its previous closing of Rs 735 per share. The stock’s 52-week high is Rs 775 and its 52-week low is Rs 12.69.

Eraaya Lifespaces Limited has secured a significant step forward in its bid to acquire Ebix Inc. The company, leading a consortium of investors, has received approval from Ebix's independent directors for their plan to purchase 100 per cent of Ebix's equity. This approval signifies a critical endorsement from Ebix's leadership.

To solidify their position as the frontrunner, the Eraaya-led consortium has also fulfilled a key requirement of the agreement by submitting a 5 per cent cash deposit. The acquisition process will now proceed through a formal Plan of Reorganization. This plan, outlining the terms of the deal, will be negotiated between the consortium, Ebix's stakeholders, and the company itself. However, the final say lies with the Bankruptcy Court, which will evaluate the plan based on the provisions of Chapter 11 of the U.S. Bankruptcy Code. Notably, the plan enjoys the support of Ebix's senior management, indicating a collaborative approach towards guiding Ebix and its affiliates out of Chapter 11. The proposed acquisition encompasses the entirety of Ebix's global subsidiaries (excluding liabilities in North America), with specific details regarding assumed liabilities to be determined within the Stalking Horse Plan Support Agreement.

About EBIX INC.

Ebix, a leading international provider of on-demand software and e-commerce services for insurance, finance, and healthcare, offers comprehensive solutions across the insurance industry – from infrastructure exchanges and custom software development to agency systems and risk compliance. Their unique "Phygital" strategy combines a vast network of physical distribution outlets in Southeast Asia with a user-friendly online platform. EbixCash, their financial arm, is a leader in India's airport foreign exchange and remittance markets, processing billions annually. EbixCash's travel platforms Via and Mercury also solidify their dominance in Southeast Asia's travel exchange sector. With a global presence in over 8 countries, Ebix powers numerous insurance exchanges, facilitating over $100 billion in annual premiums. Their team of thousands of insurance and financial technology professionals leverages SaaS-based platforms to deliver software, products, support, and consulting services to a vast clientele across the globe.

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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 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 1,100 crore with a 5-year stock price compound annual growth rate (CAGR) of 150 per cent. The company has a market cap of over Rs 1,100 crore with a 5-year stock price compound annual growth rate (CAGR) of 150 per cent. The stock gave multibagger returns of 6,260 per cent in just 1 year and an impressive 10,000 per cent in 5 years. Investors should keep an eye on this Small-Cap stock.

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