Eraaya Resolves Ebix Payment Services Legacy Shareholder Matter for ₹1,800 Mn

Eraaya Lifespaces Ltd has resolved a long-standing shareholder matter concerning Ebix Payment Services, a step-down subsidiary. The Hon'ble Bombay High Court approved the Consent Terms for a complete buyout of minority shareholding for approximately ₹1,800 million, payable over time. This matter, stemming from legacy structures under previous management, was not part of Eraaya's original acquisition of Ebix Inc. The resolution aims to eliminate uncertainty, simplify the group structure, and enhance operational flexibility, reflecting a decisive governance-led approach and disciplined capital allocation.