Board approves 1:10 stock split of equity shares
CORDELIA · price
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Board of Waterways Leisure Tourism approved subdivision of 1 equity share of Rs 10 into 10 shares of Re 1 each, subject to shareholder approval. Paid-up capital remains unchanged at Rs 72.39 crore, with 7.24 crore shares becoming 72.39 crore shares post split. Rationale is to improve liquidity and affordability for a wider investor base. Expected completion within about 3 months of shareholder approval. No fractional entitlements as the split is in 1:10 ratio.
Likely to improve liquidity and attract more retail investors. No change in total value of existing holdings.