Cordelia Cruises operator Waterways Leisure approves 1:10 stock split to lure retail investors
Waterways Leisure Tourism, operator of Cordelia Cruises, approved a 1:10 stock split aimed at boosting retail affordability and liquidity. The consumer-facing cruise firm raised ₹585 crore via IPO (1.46x subscribed, issue price ₹808), listed at ₹681 and now trades above issue. It runs 796 cabins with fares of ₹25,230-₹1,15,536/night and has served 5.49 lakh guests.
Waterways Leisure Tourism, operator of Cordelia Cruises, approved a 1:10 stock split to boost retail affordability and liquidity. The consumer-facing cruise operator recently listed at ₹585 crore IPO and now trades above issue price.
Why this matters
Approval follows Waterways Leisure's earlier proposal for the 1:10 split and a stock rally that saw two straight 10% upper circuits, up 20% in two sessions as shares neared the ₹808 issue price.
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