Eraaya Lifespaces disclosed resolution of a long-standing shareholder matter in its step-down subsidiary Ebix Payment Services via Bombay High Court-approved consent terms.
The company will pay an aggregate settlement amount of approximately INR 1,800 million to buy out minority shareholding, discharged over an agreed timeframe.
This resolution eliminates inherited legacy uncertainty from the Ebix acquisition, simplifying group structure and enhancing operational flexibility in payments.
The matter was not part of the original Chapter 11 acquisition construct but was resolved through a negotiated framework to enable sharper strategic focus.