Eraaya Lifespaces Limited was formerly incorporated as Tobu Enterprises Limited in February, 1967. The Company name was changed from Tobu Enterprises Limited to Justride Enterprises Limited in 2016-17 and further to Eraaya Lifespaces Limited in 2023. Earlier, the Company engaged in the business of trading in Tricycles and Plastic Items. At present, it is engaged in the business of marketing services and support services, business of trading in securities and shares and the Hospitality business.
The production activities at Bhiwadi factory were stopped effective on December 31, 1996 and even the production in Delhi unit also declined because of increasing financial constraints.
In 2021-22, the Company entered into the Share Purchase Agreement with M/s Just Right Life Limited (Formerly Known as Stepping Stone Constructions Private Limited) and Ms. Sukriti Garg. Accordingly, with M/s Just Right Life Limited and Ms. Sukriti Garg through Open Offer process acquired upto 3,83,022 Fully Paid-Up Equity Shares of Face Value of Rs. 10/- of the Company. As a result, the management or control of the Company got changed and M/s Just Right Life Limited and Ms. Sukriti Garg became the Promoters and Promoter Group of the Company.
In 2022-23, the Company entered again through Share Purchase Agreement dated April 20,2022, with M/s Just Right Life Limited (Formerly Known as Stepping Stone Constructions Private Limited and Ms. Sukriti Garg and acquired 73.02% shares i.e. a total of 10, ...75,704 equity shares and voting rights in the Company. With the Open Offer process, they acquired 3,83,022 fully paid-up equity shares of face value of Rs. 10 each representing the 26% of the Voting Share Capital of the Company, which got completed on June 30, 2022. Pursuant to the Share Purchase Agreement, 5,00,000 equity shares were transferred in the name of Ms. Sukriti Garg and 5,75,704 equity shares transferred in the name of M/s Just Right Life Limited respectively. After successful completion of the Open Offer, management or control of the Company was changed and Justride Enterprises Limited and Ms. Sukriti Garg became the Promoters and Promoter Group of the Company in 2023.
The Company ventured into the business of hospitality along with existing line of business of the Company in FY2023-24.
The Company acquired Ebix Inc., a U.S.-based multinational provider of on-demand software and e-commerce services to the insurance, financial, healthcare, and e-learning industries along with its global subsidiaries on August 30, 2024 in FY 2024-25.
FAQs on Eraaya Lifespaces Ltd
1. Can I buy Eraaya Lifespaces Ltd from PL Capital? ›
Yes, you can invest in Eraaya Lifespaces Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Eraaya Lifespaces Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Eraaya Lifespaces Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Eraaya Lifespaces Ltd pay dividends? ›
Eraaya Lifespaces Ltd does not currently pay dividends. Investors in this case primarily benefit from capital appreciation, where the value of the stock may rise over time depending on business growth and market conditions.
3. What is the current share price of Eraaya Lifespaces Ltd ? ›
As of
12-Mar-2026 , 16:01:42 the share price for Eraaya Lifespaces Ltd. is ₹ 22.43 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Eraaya Lifespaces Ltd ? ›
The 52-week high and low of Eraaya Lifespaces Ltd share price is ₹ 19.75 - ₹ 78.75 as of
12-Mar-2026 , 16:01:42 .
