Deals30 Jan 2025, 10:26 pm
Eraaya Lifespaces' Subsidiary Secures Multi-Year Contracts Worth INR 47 Million
AI Summary
Eraaya Lifespaces Limited announced that its Indian subsidiary, EbixCash Limited, has secured multi-year contracts for providing network integrated services and manpower arrangements with three regional rural banks sponsored by Punjab National Bank. The contracts, valued at INR 47 million annually, highlight the trust and confidence these rural banks place in EbixCash’s capabilities and service excellence.
Key Highlights
- EbixCash has secured multi-year contracts with Prathama U.P. Gramin Bank, Himachal Pradesh Gramin Bank, and Dakshin Bihar Gramin Bank.
- The contracts are valued at an estimated amount exceeding INR 47 million per annum.
- These contracts mark a key advancement in EbixCash's growth trajectory and strengthen its foothold in rural markets.
- The agreement combines comprehensive and seamless integration of network services and manpower solutions.
- The contracts are initially for three years with the potential for subsequent extensions.