Waterways Leisure Tourism Approves 1:10 Stock Split; Board Seeks Shareholders’ Nod
Waterways Leisure Tourism Ltd, the operator of Cordelia Cruises, has approved a 1:10 stock split, subject to shareholders’ approval, in a mo...
Waterways Leisure Tourism Ltd, the operator of Cordelia Cruises, has approved a 1:10 stock split, subject to shareholders’ approval, in a move aimed at improving the liquidity of its shares and making them more affordable for retail investors.
The company’s Board of Directors, at its meeting held on July 10, 2026, approved the subdivision of each existing equity share with a face value of ₹10 into 10 equity shares with a face value of Re 1 each. The proposal also includes the corresponding amendment to the Capital Clause of the company’s Memorandum of Association.
According to the company, the stock split is intended to enhance trading liquidity, increase market participation and broaden its shareholder base by making the stock more accessible to a larger pool of investors. The company clarified that the subdivision will not impact its overall capital structure or the intrinsic value of the business.
