DELPHI WORLD MONEY LIMITED has informed the Exchange regarding Board meeting held on July 09, 2025.
DELPHIFX · price
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The Board of Directors of Delphi World Money Limited, at its meeting on July 9, 2025, approved consolidating all Ebix Group's travel and hospitality interests under the company as part of a strategic realignment to leverage synergies between remittance services and travel demand from frequent travellers, NRIs, and overseas workers. The Board approved raising funds up to Rs. 200 Crores through issuance of securities in one or more tranches, via permissible methods, subject to shareholder approval. The Board also decided to appoint intermediaries and advisors to facilitate the transaction. Additionally, the 40th Annual General Meeting was scheduled for August 1, 2025 at 1:30 PM via video conferencing, with the book closure period set from July 25, 2025 to August 1, 2025.
The Rs. 200 Crore fund raise could lead to equity dilution for existing shareholders, while the planned entry into travel and hospitality signals a potential business expansion that may diversify revenue streams. Shareholders should note the upcoming book closure period and AGM, where their approval will be sought for the capital raise.