Split12 Aug 2026, 08:41 pm
Waterways Leisure Tourism Approves 1:10 Share Split
AI Summary
Waterways Leisure Tourism Limited, operating Cordelia Cruises, announced that its shareholders have approved a 1:10 equity share split. Each existing share of ₹10 will be divided into 10 shares of ₹1 each. The record date for this corporate action is set for August 26, 2026. This move aims to increase share accessibility for retail investors and enhance market liquidity. The company's paid-up share capital will remain ₹723.95 Million, but the number of shares will increase significantly. This approval coincides with Cordelia Cruises' expansion plans, including adding two new ships, Sky and Sun, by late 2027.
Key Highlights
- Shareholders approved a 1:10 equity share split.
- Record date for the split is August 26, 2026.
- Objective is to increase investor accessibility and liquidity.
- Company is expanding its fleet with new cruise ships.
- Paid-up capital remains unchanged post-split.
Price Impact
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