Court approves ₹1,800 mn settlement for Ebix Payment Services minority buyout
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Eraaya Lifespaces resolved a long-standing shareholder dispute related to Ebix Payment Services, a step-down subsidiary linked to ItzCash. The Bombay High Court approved the Consent Terms between the parties. Eraaya will buy out minority shareholders for approximately ₹1,800 million, payable over an agreed timeframe. The matter stemmed from legacy structures under the prior Ebix management and was unrelated to the Chapter 11 process or Eraaya's August 2024 acquisition consideration.
Clears a legacy overhang from the Ebix acquisition, simplifies group structure, and boosts operational flexibility in the payments business.