Announced Fri, 10 Jul · 14:43 IST
Board approves 1:10 stock split of equity shares
CORDELIA · price
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Price reaction · full curve 14 horizons · vs prior close
-2.3%1-day move
₹867.00
prior close
₹855.70
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.5-0.1-1.1+0.4-2.3-5.9-7.1-5.1-4.6+4.6————
Up moveDown movePending
AI summary
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 market impact
Likely to improve liquidity and attract more retail investors. No change in total value of existing holdings.