Delphi World Money Ltd Acquires 34.08% Stake in Ebix Travels Private Ltd for INR 171.19 Crores

Delphi World Money Ltd has acquired 3,05,69,464 equity shares of Ebix Travels Private Ltd at an issue price of INR 56 per share, including a premium of INR 246. This acquisition, amounting to INR 171.19 crores, was carried out against the conversion of Compulsorily Convertible Debentures (CCDs) held by the Company. This strategic conversion marks a significant step in consolidating the Ebix Group’s Travel and Hospitality Businesses under Delphi World Money Ltd, thereby positioning it as a unified platform for these businesses. Ebix Travels Private Ltd is a fellow subsidiary of the Holding Company and is engaged in the business of online selling of travel products and solutions. It operates under the trade name ‘VIA’, ‘VIASTAY’, ‘VIAWORLD’ or ‘TRAVELMASTI’ and has a significant presence in India, Indonesia, Dubai, Singapore, and the Philippines. The acquisition was carried out on an arm’s length basis and does not require any governmental or regulatory approvals.