First IPL Match of 2025; RCB vs KKR: Eraaya Lifespaces Ltd Becomes an Official Partner of Royal Challengers Bengaluru for 2025 T20 Season
The stock gave multibagger returns of 105 per cent in just 1 year and a whopping 9,400 per cent in 5 years.
Eraaya Lifespaces Limited's subsidiary, EbixCash, has solidified its market presence by becoming an official partner of the Royal Challengers Bengaluru (RCB) for the 2025 T20 season. This strategic move leverages the immense popularity of cricket in India, providing EbixCash with significant brand visibility through stadium branding, digital promotions, and exclusive fan interactions. RCB, known for its star-studded lineup and passionate fan base, offers an ideal platform for EbixCash to connect with a broad and engaged audience, enhancing customer experience and expanding its reach within the rapidly growing Indian financial services sector.
This partnership aligns with EbixCash's commitment to reinforcing its position as a leading player in the financial solutions space. By associating with RCB, a team renowned for delivering high-octane matches and captivating audiences worldwide, EbixCash aims to drive customer engagement and enhance brand recognition. The 2025 T20 season presents a prime opportunity for EbixCash to maximize its impact and create a lasting connection with cricket enthusiasts across the nation.
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.
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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 Rs 1,380 crore and a 300 per cent 3-year stock price CAGR. The stock gave multibagger returns of 105 per cent in just 1 year and a whopping 9,400 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.