Friday, November 7, 2025

Delphi World Money Limited (“Delphi” or “the Company”), an RBI-authorised Category II Authorised Dealer with a strong legacy in foreign exchange and cross-border remittances, today announced the opening of its Rights Issue of up to 52.23 lakh fully paid-up equity shares at ₹191 per share (₹10 face value + ₹181 premium), payable at application. The issue opens on October 27, 2025, and closes on November 7, 2025, with October 14, 2025, as the record date and November 3, 2025, as the last date for on-market renunciation.

The Rights Issue is to strengthen Delphi’s capital base and accelerate its transformation into a global travel–fintech enterprise. Building upon its RBI-authorised foundation, Delphi is evolving beyond traditional forex and remittance services into a comprehensive travel and financial ecosystem. As the flagship platform steering Ebix Inc.’s travel and hospitality consolidation, Delphi is combining deep foreign-exchange expertise with a rapidly expanding suite of travel, tourism, and lifestyle services.

With the acquisition and management control of Ebix Travels Private Limited, Delphi now has access to a full-spectrum travel portfolio covering MICE (Meetings, Incentives, Conferences, Exhibitions), domestic and international airline ticketing, curated tours, luxury holiday experiences, hotel bookings, car rentals, and even a luxury tourist train operation. This consolidation is unlocking operational synergies and enabling an integrated digital platform offering seamless travel, payments, and forex solutions under one brand.

Commenting on the announcement, TC Guruprasad, Chairperson, Delphi World Money Limited, said, “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. This strategic capital infusion will empower us to accelerate growth across our travel and fintech businesses, deepen our presence in digital payments and cross-border financial solutions, and drive innovation at scale. We believe this initiative will not only reinforce Delphi’s integrated travel–fintech ecosystem but also create enduring value for our shareholders as we advance toward becoming a leading force in India’s financial and travel services landscape.”

Delphi will deploy the proceeds from the rights issue to strengthen its capital structure, support future growth through acquisitions, including further investments in Ebix Travels, and drive digital transformation across the travel, forex, and remittance sectors. Investments will also focus on technology-led platforms, customer experience innovation, and global expansion, leveraging Delphi’s regulatory and operational strengths. This capital raise represents more than a financial initiative — it marks an investment in Delphi’s evolution into a unified, technology-driven global player at the intersection of travel, finance, and innovation.

India’s travel and tourism sector is expanding at a CAGR of over 15%, and the USD 9 trillion global travel industry is embracing digital convergence as travel and financial services increasingly integrate. Positioned uniquely at this crossroads, Delphi combines deep forex capabilities with emerging strengths in digital payments and travel services — enabling the Company to capture multiple growth vectors simultaneously and build long-term stakeholder value.

In the future, Delphi plans to increase its equity stake in Ebix Travels, consider potential merger opportunities (pending regulatory approvals) to achieve full benefits, and launch integrated digital platforms for travel, foreign exchange, and cross-border remittances. The Company also aims to deepen corporate and institutional relationships across travel, tourism, and global payments. This integrated roadmap positions Delphi to become a scalable, sustainable, and technology-driven global travel-fintech platform based in India.’

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