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Cordelia Cruises Sets Record Date for 1:10 Stock Split
14 Aug
Summary
- Waterways Leisure Tourism Ltd. announced a 1:10 stock split.
- The record date for the share split is set for August 26, 2026.
- The company plans fleet expansion to meet growing demand.
Waterways Leisure Tourism Ltd., the company behind Cordelia Cruises, has officially announced a 1:10 stock split, a decision approved by its shareholders. The record date for this split has been established as August 26, 2026. On this date, eligible shareholders will receive their new shares.
Following the split, the company's paid-up share capital will remain unchanged at Rs 72.395 crore, but the total number of outstanding shares will surge from 7,23,94,543 to 72,39,45,430. This corporate action aligns with Cordelia Cruises' entry into a new growth phase.
The cruise operator, currently managing the Empress ship, is set to enhance its fleet. Plans include the addition of the Sky ship in October 2026 and the Sun ship in November 2027. These expansions are intended to increase capacity and cater to the burgeoning demand within India's cruise tourism industry.
Separately, stock markets experienced a decline in early trade due to geopolitical uncertainties and elevated crude oil prices. The benchmark Sensex and Nifty indices saw a dip. Analysts noted that the ongoing situation in the Strait of Hormuz is a primary concern impacting investor sentiment.
