Cordelia Cruises operator Waterways Leisure proposes 1:10 stock split to lift affordability
Waterways Leisure Tourism, which runs Cordelia Cruises, seeks shareholder nod for a 1:10 stock split, cutting face value from Rs 10 to Re 1. Capital structure stays unchanged, with the move aimed at boosting share affordability and trading volumes over roughly a three-month timeline.
Waterways Leisure Tourism, operator of Cordelia Cruises, seeks shareholder approval for a 1:10 stock split, reducing face value from Rs 10 to Re 1 to boost affordability and trading volumes, keeping capital structure unchanged.
Why this matters
The split follows a sharp run-up, with the stock hitting back-to-back 10% upper circuits (up 20% in two sessions) and nearing its Rs 808 IPO issue price after a weak debut at Rs 734.90.
Retail-company signals accelerating at +708100% QoQ.