Recently listed Waterways Leisure Tourism approves 1:10 stock split

Waterways Leisure Tourism, operator of the Cordelia Cruises brand, announced a 1:10 stock split, with one share of face value Rs 10 to be subdivided into 10 shares of Re 1 each, subject to shareholder approval. The move aims to enhance share liquidity, improve affordability for retail investors, and broaden the shareholder base. The recently listed stock, which debuted at Rs 681 on July 1 against an issue price of Rs 808, is currently trading about 6.7% above the issue price at around Rs 862.