Split10 Jul 2026, 02:32 pm
Waterways Leisure Tourism approves 1:10 stock split
AI Summary
Waterways Leisure Tourism Ltd announced that its Board of Directors has approved a proposal for the sub-division of existing equity shares. Each equity share with a nominal value of ₹10 will be split into 10 equity shares of ₹1 each. This move aims to enhance liquidity and make shares more accessible to a wider investor base. The company expects the split to be completed within approximately 3 months of shareholder approval and necessary regulatory clearances. The authorized share capital remains ₹1,00,05,00,000.
Key Highlights
- Board approved a 1:10 stock split for equity shares.
- Face value to reduce from ₹10 to ₹1 per share.
- Objective is to increase share liquidity and accessibility.
- Split completion expected within 3 months post-approval.
- No change in the company's overall capital structure.
Price Impact
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