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Delphi World Money Limited ( (IN:DELPHIFX) ) just unveiled an announcement.
Delphi World Money Limited has converted its Compulsorily Convertible Debentures into equity shares, acquiring a 34.08% stake in Ebix Travels Private Limited. This strategic move aims to consolidate the Ebix Group’s travel and hospitality businesses, enhancing Delphi’s position as a unified platform in these sectors, which could potentially strengthen its market presence and stakeholder value.
More about Delphi World Money Limited
Delphi World Money Limited, formerly known as EbixCash World Money India Limited, operates in the financial services industry with a focus on cross-border remittance services. The company is strategically positioning itself to consolidate travel and hospitality businesses under its platform, leveraging synergies with its core customer base’s travel demands.
Average Trading Volume: 7,623
Technical Sentiment Signal: Hold
Current Market Cap: 2.28B INR
Find detailed analytics on DELPHIFX stock on TipRanks’ Stock Analysis page.