DELPHI WORLD MONEY LIMITED has informed the Exchange regarding Board meeting held on August 28, 2025 to consider fund raising by way of right issue
DELPHIFX · price
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The Board of Directors of Delphi World Money Limited (formerly Ebixcash World Money India) met on August 28, 2025 and approved raising funds of up to Rs. 100 Crores through a Rights Issue of fully paid-up equity shares with a face value of Rs. 10 each. The issue will be offered to existing eligible equity shareholders on a record date that will be notified later. A dedicated Rights Issue Committee has been formed to decide on the issue price, entitlement ratio, issue size, timing, and other operational matters. CARE Ratings Limited, a SEBI-registered agency, has been appointed as the Monitoring Agency to oversee the use of proceeds, as required under SEBI's ICDR Regulations. The exact number of shares to be issued will be finalised after receiving in-principle approval from stock exchanges.
Eligible shareholders will get the opportunity to subscribe to additional shares in proportion to their existing holdings, but uninvested entitlements may lead to dilution for non-participants. The stock may see short-term volatility once the issue price and entitlement ratio are announced, and the eventual use of the Rs. 100 Crore proceeds will shape investor perception.