Eraaya receives final approval of US Bankruptcy Courts for acquisition of Ebix Inc.

The Consortium led by Eraaya had submitted a bid to acquire 100% Equity of Ebix Inc. during June 2024, which had been subsequently approved and accepted as the highest and best bid for Ebix Inc and eventually declared as the winner following the auction process overseen by the U.S. Bankruptcy Court at an ascribed enterprise value of USD 361 Million (Rs 3,009 crore approximately).