Delphi World Money Limited (formerly known as EbixCash World Money India Limited) has successfully concluded its rights issue, raising ₹99.76 crores through the issuance of 52,23,295 equity shares. This corporate action marks a significant development for the company, bolstering its capital base.

Rights Issue Details

The rights issue, which was open from October 27 to November 07, saw the company offer shares at ₹191.00 each, including a premium of ₹181.00 per share. The Rights Issue Committee approved the allotment on November 10, following the finalization of the basis of allotment in consultation with Bigshare Services Private Limited, the Registrar to the Issue, and as approved by the Bombay Stock Exchange (BSE), the Designated Stock Exchange for the Issue.

Impact on Share Capital

The successful completion of the rights issue has led to a substantial increase in the company's paid-up equity share capital. Here's a breakdown of the changes:

This expansion in the equity base represents a 46.94% increase in the number of outstanding shares and the paid-up capital.

Regulatory Compliance

The company has informed the stock exchanges about the outcome of the Rights Issue Committee meeting, which commenced at 6:50 p.m. (IST) and concluded at 8:00 p.m. (IST) on November 10. This disclosure is in line with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating the company's commitment to regulatory compliance and transparency.

Conclusion

The successful completion of this rights issue provides Delphi World Money Limited with additional financial resources. Shareholders and market observers may be interested in how the company utilizes these funds in the future.

Delphi World Money Limited , an RBI-authorized Category II Authorized Dealer, has launched a rights issue to raise approximately ₹99.76 crore. This move marks a significant step in the company's transformation from a traditional forex and remittance service provider to a comprehensive travel-fintech platform.

Rights Issue Details

The company has opened a rights issue of 52.23 lakh equity shares, priced at ₹191 per share, which includes a face value of ₹10 and a premium of ₹181. Eligible shareholders can subscribe to 23 equity shares for every 49 shares held. The key dates for the rights issue are as follows:

Strategic Expansion and Capital Utilization

The proceeds from the rights issue are earmarked for several strategic initiatives:

1. Strengthening the company's capital structure
2. Supporting investments in Ebix Travels Private Limited
3. Driving digital transformation across travel, forex, and remittance verticals

Delphi's expansion strategy includes the recent acquisition of management control in Ebix Travels Private Limited. This move has broadened the company's service portfolio to include:

• MICE (Meetings, Incentives, Conferences, Exhibitions) services
• Airline ticketing (domestic and international)
• Curated tours and luxury holiday experiences
• Hotel bookings
• Car rentals

Market Position and Future Outlook

Delphi World Money is positioning itself at the intersection of India's rapidly growing travel and tourism sector, which is expanding at a CAGR exceeding 15%, and the global travel industry valued at USD 9 trillion. The company aims to leverage its regulatory strengths and operational expertise to capture growth opportunities in this converging market of travel and financial services.

TC Guruprasad, Chairperson of Delphi World Money Limited, stated, "The Rights Issue represents a defining milestone in Delphi's growth journey, underscoring our commitment to strengthening the Company's capital base and unlocking its next phase of expansion."

Long-term Strategy

Looking ahead, Delphi's strategic roadmap includes:

• Expanding its equity position in Ebix Travels
• Exploring potential amalgamation opportunities (subject to regulatory approvals)
• Launching unified digital platforms for travel, forex, and cross-border remittances
• Deepening corporate and institutional relationships across travel, tourism, and global payments sectors

Through these initiatives, Delphi World Money Limited aims to establish itself as a scalable, sustainable, and technology-driven global travel-fintech platform headquartered in India, potentially reshaping the landscape of financial and travel services in the country.