DELPHI WORLD MONEY LIMITED has informed the Exchange about Allotment of Equity Shares to Delphi World Money Limited consequent upon Conversion of Compulsorily Convertible Debentures
DELPHIFX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Delphi World Money Limited has been allotted 3,05,69,464 equity shares of Ebix Travels Private Limited (ETPL) at ₹56 per share (face value ₹10 + premium ₹46), upon conversion of 17,11,890 Compulsorily Convertible Debentures. No cash was paid — the CCDs were originally issued against an inter-corporate loan that Delphi had extended to ETPL. After this conversion, Delphi holds 34.08% of ETPL's equity, making ETPL an 'Associate Entity.' This move is part of a broader plan to consolidate the Ebix Group's travel and hospitality businesses under Delphi. ETPL runs an online travel platform (brands VIA, VIASTAY, VIAWORLD, TRAVELMASTI) with FY25 revenue of about ₹274.5 crore and subsidiaries in Dubai, Singapore, Indonesia, and the Philippines.
This is a group-level restructuring, not a fresh capital raise, and no new shares have been issued by Delphi itself, so direct dilution to Delphi shareholders is nil. It deepens Delphi's strategic presence in the travel and hospitality segment through associate-level influence over ETPL, but the near-term stock impact is likely limited as no fresh cash inflow or major valuation event is triggered.