Eraaya Lifespaces initiates legal action against Elara Capital PLC

Attention Investors

Kindly note the Change in PAY IN for BSE A/C No. : 1201250000000691 (CDSL), if you have an NSDL A/C, kindly use INTER DEPOSITORY SLIP. For assistance, please call OR contact: Mr. Dadu, 98339 89807 / 022-6145 1000. | Exchanges / Depository: Prevent Unauthorized Transactions in your Trading / Demat account --> Update your Mobile Numbers / email IDs with your Stock Brokers / Depository Participant. Receive alerts on your Registered Mobile / email IDs for trading account transactions and all debit and other important transactions in your demat account directly from Exchange / Depository on the same day ......................Issued in the interest of Investors." | KYC : "KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary." | ASBA-IPO : "No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

- EQUITY
  EQUITY
  PRICE
  
  Gainers & Losers
  
  Advances & Declines
  
  New Highs & Lows
  
  Index Movers
  
  Only Buyers/Sellers
  
  Out/Under Performers
- NEWS
  CORPORATE ACTIONS
  
  Announcements
  
  Book Closure
  
  Board Meetings
  
  Bonus Issues
  
  Rights Issues
  
  De-Listed Shares
  
  Market Turnover
  
  Change of Name
  
  Split of Face Value
- OTHER MARKETS
  FII Investments
  
  MF Investments
  
  ADR Prices
  
  World Indices
  
  Forex
  
  CORPORATE INFO
- VOLUME
  VOLUME
  Value & Volume Toppers
  
  Unusual Volume
  
  Bulk & Block Deals
  
  Sector Watch
- ANALYSIS
  ANALYSIS
  52 Week High Low
  
  Live Indices
  
  Exchange Holidays
  
  Index Constituents
  
  Historical Returns
  
  Circuit Breakers
- IPO
  IPO
  
  Forthcoming Issues
  
  Open Issues
  
  Closed Issues
  
  New Listing
  
  Basis of Allotment
  
  Draft Prospectus
  
  New Issue Monitor
  
  Best Performers
  
  Know IPO's / FAQ's

29 April 2025 00:00:00

Adani Ports

1215.90

(0.37%)

Asian Paints

2452.00

(-0.02%)

Axis Bank

1188.20

(-0.38%)

Bajaj Finance

9089.30

(-0.03%)

Bajaj Finserv

2065.00

(0.79%)

Bharti Airtel

1823.85

(0.16%)

Eternal Ltd

231.15

(1.72%)

HCL Technologi..

1571.40

(1.42%)

HDFC Bank

1908.25

(-0.58%)

Hind. Unilever

2322.55

(0.13%)

ICICI Bank

1429.45

(0.08%)

IndusInd Bank

837.30

(0.82%)

Infosys

1497.40

(1.03%)

ITC

425.90

(-0.68%)

Kotak Mah. Ban..

2205.35

(-0.93%)

Larsen & Toubr..

3324.45

(-0.10%)

M & M

2909.20

(-0.71%)

Maruti Suzuki

11847.05

(-0.03%)

Nestle India

2387.45

(-0.69%)

NTPC

357.25

(-1.09%)

Power Grid Cor..

303.25

(-1.75%)

Reliance Indus..

1400.30

(2.32%)

St Bk of India

811.75

(-0.72%)

Sun Pharma.Ind..

1804.80

(-2.01%)

Tata Motors

665.60

(-0.41%)

Tata Steel

141.45

(-0.42%)

TCS

3471.50

(0.81%)

Tech Mahindra

1495.30

(2.30%)

Titan Company

3381.40

(0.35%)

UltraTech Cem.

11866.95

(-1.99%)

	Equity Analysis

	News Analysis

	Corporate Actions

	Other Market

	Company Profile

Share Holding Pattern

Your results on : Equity | News | Company-News

Eraaya Lifespaces initiates legal action against Elara Capital PLC	Share Back
(17 Mar 2025)
Eraaya Lifespaces announced that the Company has initiated legal action(s) against Elara Capital PLC in High Court of Justice, Kings' Bench Division, England and Wales for release of remaining FCCBs proceeds amounting USD 40 Million. Background: Eraaya Lifespaces after obtaining in principle approval from its members in the Extra-Ordinary General Meeting held on 29 July 2024, issued an Offering Circular dated 23 August 2024. Pursuant thereto, Foreign Currency Convertible Bonds due 2031 (FCCBs) totaling to USD 120 Million were issued. However, proceeds of the FCCBs issued by the Company, in the amount of USD 40 Million has not been received by the Company. The Company has initiated legal action(s) in regard to the same against Elara Capital PLC, which was appointed by the Company to advise and assist the Company for the entire process of raising funds by issuing FCCBs, but is wrongfully preventing the release of the aforementioned proceeds to the Company, thereby acting against the interest of the Company.
Top