Shares of Ebix Ltd hit the upper circuit on Tuesday, rising to an intraday high of ₹22 per share. The stock has traded between a 52-week high of ₹49.40 and a 52-week low of ₹16, while the company currently commands a market capitalisation of around ₹472 crore.
Eraaya Lifespaces Changes Name to Ebix Ltd
In a key corporate development, Eraaya Lifespaces Limited has formally changed its name to Ebix Limited after receiving all requisite approvals from the Ministry of Corporate Affairs.
The name change marks a significant milestone in the company’s transformation following its acquisition of Ebix Inc. and its global subsidiaries. According to the company, the new corporate identity is intended to reflect the scale, character and international reach of its operations while creating a unified brand across its global businesses.
Following a strategic transition in 2024, the company moved away from its traditional lifestyle and hospitality-focused operations and evolved into a diversified, technology-led holding platform.
Presence Across 13 Countries
Ebix Limited now operates as a global holding company for Ebix Inc. and its worldwide subsidiaries, with operations, customers and strategic relationships spread across 13 countries.
The company caters to both enterprise and consumer markets and has established operations across multiple international markets. Its business portfolio is structured around four key segments — Technology, Payments, Travel and Emerging Businesses.
The technology platforms business provides on-demand software, SaaS solutions and digital exchanges serving industries including insurance, reinsurance, financial services, healthcare and risk compliance.
Meanwhile, its cash payments business focuses on technology-enabled payment solutions and financial transaction platforms designed for customers across different geographies and use cases.