About 23,000 investors risk losing their investment in Eraaya Lifespaces' shares after ED attached Eraaya promoter Vikas Garg' ₹940-crore assets in Mahadev betting app case. This comes two years after Eraaya's high-profile acquisition of software firm Ebix, which had filed for bankruptcy. ED attached over 75% held by Eraaya in Ebix, claiming Garg used Mahadev app's proceeds to buy Ebix.