Q1FY25 Outcomes: Hospitality main Eraaya Lifespaces has introduced its quarterly outcomes for the primary quarter of the monetary 12 months 2024. In keeping with an change submitting, the corporate reported web revenue of 0.95 crore within the quarter ended June 2024. It is a surge of 1800 per cent when in comparison with the online revenue of Rs 0.05 crore throughout the identical quarter a 12 months in the past.
Nonetheless, the corporate’s complete income declined 92.74 per cent to Rs 2.00 crore within the quarter ended June 2024 as in opposition to Rs 27.53 crore throughout the earlier quarter ended June 2023.
In the meantime, the corporate is nearer to buying 100% fairness in Ebix Inc because the bid submitted by the consortium led by the Firm has been permitted and accepted as the very best and finest bid for Ebix.
“It was taken on file that the bid for buying 100% fairness of Ebix Inc. (“Ebix”) submitted by the consortium led by the Firm has been permitted and accepted as the very best and finest bid for Ebix and declared because the winner following the public sale course of overseen by the U.S. Chapter Court docket. Ebix ascribes the bid at an enterprise worth of about $361 million,” the corporate mentioned in an change submitting.