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Vikas Lifecare Limited, a promoter group entity for Eraaya Lifespaces Limited, has acquired 42,00,000 equity shares of Eraaya Lifespaces. This acquisition stemmed from the conversion of an equal number of warrants previously issued on a preferential basis. Each share was valued at ₹81, including a premium of ₹80, representing a total investment of ₹34.02 Cr. This move boosts Vikas Lifecare's direct ownership and voting rights in Eraaya Lifespaces from 0.41% to 2.57%. Post-conversion, Vikas Lifecare now holds 50,00,000 shares, strengthening its position. Eraaya Lifespaces' equity capital after this conversion totals ₹19.49 Cr, comprising 19,48,94,160 equity shares.