Finance Major EbixCash Will Now Be the Official Partner of Chennai Super Kings for IPL 2025 Season

EbixCash, a subsidiary of Eraaya Lifespaces Limited, is pleased to announce its association with Chennai Super Kings (CSK) as an Official Partner for the T20 season of 2025.  This agreement brings together a trusted financial services brand and one of franchise cricket’s most renowned teams, creating new opportunities for brand engagement and fan involvement.

As one of the most recognized and dominant franchise cricket teams, the Chennai Super Kings have established a great legacy, with several championship championships and a reputation for stability.  CSK, known for their smart gameplay, strong leadership, and excellent gameplay, has helped shape the present T20 format.

With famous players from India and elsewhere, as well as a large worldwide fan base, the franchise continues to set new standards in the sport, making this a formidable marriage of sports and business brilliance. 

Furthermore, the partnership with CSK boosts trust, credibility, and consumer confidence, establishing EbixCash as a leader in the financial services industry.  This agreement demonstrates EbixCash’s dedication to using sports as a great platform for growth and engagement.

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Eraaya Lifespaces Limited, a prominent lifestyle and hospitality firm known for providing opulent and culturally diverse experiences, is planning a strategic expansion.  Building on its success in producing exceptional vacations, Eraaya plans to diversify its portfolio through mergers and acquisitions. 

This goal was recently achieved with the acquisition of Ebix Inc. USA and its global subsidiaries in June 2024. This important acquisition, estimated at USD 361 million, is a watershed moment for Eraaya as it expands into new business categories, fostering innovation and creating value for all stakeholders while navigating a dynamic and changing market landscape.

According to the Quarterly Results, net sales increased by 3,584 percent to Rs 666.11 crore, and net profit increased by 130 percent to Rs 0.53 crore in Q3FY25 compared to Q3FY24.

On Friday, Eraaya Lifespaces Limited’s shares rose 5% to Rs 76.31 a share, up from the previous close of Rs 72.68 per share.  The stock has a 52-week high of Rs 316.90 and a low of Rs 35.60 per share.

The company recently disclosed in the exchange filing that the promoters of the company have acquired 14 lakh shares on the conversion of warrants. Eraaya Lifespaces Limited has announced a 10:1 stock split, meaning that each existing share with a face value of Rs 10 will be divided into ten new shares, each with a face value of Re 1. The ex-date for the stock split was Friday, December 06, 2024.

The company’s market capitalisation is Rs 1,425 crore, with a 300 percent three-year stock price CAGR.  The company generated multibagger returns of 110 percent in just one year and a staggering 9,640 percent in five years.  As of December 2024, the company’s promoters own 35.17%, FIIs own 22.63%, DIIs own 1.84%, and the public owns the remaining 40.41%.