Delphi World Money Limited (Delphi), an RBI-authorised Category II Authorised Dealer with a strong presence in foreign exchange and cross-border remittances, has announced the opening of its rights issue of up to 5.22 million fully paid-up equity shares at Rs 191 per share (Rs 10 face value + Rs 181 premium), payable on application.

The issue opens on October 27, 2025, and closes on November 7, 2025. The record date is October 14, 2025, while the last date for on-market renunciation is November 3, 2025.

The rights entitlement ratio has been set at 23 shares for every 49 shares held, and the issue will be listed on the BSE and NSE. The issue is being carried out in ASBA mode, in dematerialised form only.

The capital raise aims to strengthen Delphi’s capital base and accelerate its transformation into a global travel–fintech enterprise. Building on its forex legacy, Delphi is expanding into a comprehensive travel and financial ecosystem, integrating its expertise in currency exchange, remittances, and digital payments with travel and tourism services.

Following the acquisition and management control of Ebix Travels Private Limited, Delphi now manages a diversified portfolio across MICE (Meetings, Incentives, Conferences, and Exhibitions), airline ticketing, curated tours, luxury holidays, hotel bookings, car rentals, and even a luxury tourist train operation.

Commenting on the announcement, TC Guruprasad, Chairperson of Delphi World Money, said:

“The Rights Issue marks a key milestone in Delphi’s journey. This strategic capital infusion will help us strengthen our capital base, accelerate growth across travel and fintech, and drive innovation across digital payments and cross-border financial solutions. We aim to create long-term value for our shareholders as we evolve into a leading travel–fintech enterprise.”

Proceeds from the issue will be used to bolster Delphi’s balance sheet, support future acquisitions, including further investment in Ebix Travels, and drive digital transformation across travel, forex, and remittance operations.

The company will also focus on technology-led platforms, customer experience innovation, and global expansion, leveraging its regulatory strengths. Delphi’s roadmap includes increasing its stake in Ebix Travels, exploring potential amalgamation opportunities, and launching unified digital platforms for travel, forex, and cross-border remittances.

India’s travel and tourism sector, growing at over 15 per cent CAGR, and the USD 9 trillion global travel market, are undergoing rapid digital convergence. Positioned at the intersection of travel and finance, Delphi aims to emerge as a scalable, technology-driven global platform combining renewable growth, innovation, and financial inclusion.