Q1FY25 Results: Eraaya Lifespaces board meet next week
Meanwhile, the company is closer to acquiring 100% equity in Ebix Inc as the bid submitted by the consortium led by the Company has been approved and accepted as the highest and best bid for Ebix.
Hospitality major Eraaya Lifespaces has informed exchanges that its board will meet next week to announce the quarterly results for the first quarter of the financial year 2025. The company in an exchange filing said that the meeting is scheduled for July 9, 2024.
"The meeting of Board of Directors of the Company is scheduled to be held on Tuesday, the 9th day of July, 2024 to consider and approve Un-audited Financial Results of the Company for the quarter ended June 30, 2024," the company said.
Meanwhile, the company is closer to acquiring 100% equity in Ebix Inc as the bid submitted by the consortium led by the Company has been approved and accepted as the highest and best bid for Ebix.
"It was taken on record that the bid for acquiring 100% equity of Ebix Inc. (“Ebix”) submitted by the consortium led by the Company has been approved and accepted as the highest and best bid for Ebix and declared as the winner following the auction process overseen by the U.S. Bankruptcy Court. Ebix ascribes the bid at an enterprise value of about $361 million," the company said in an exchange filing.
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