Announced Fri, 10 Jul · 14:31 IST
Board approves 1:10 stock split, subject to shareholder approval
Board & Shareholder Meetings View source PDF
CORDELIA · price
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Price reaction · full curve 14 horizons · vs prior close
-2.3%1-day move
₹867.00
prior close
₹863.25
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.5-0.9-1.2-1.5-2.3-5.9-7.1-5.1-4.6+4.6————
Up moveDown movePending
AI summary
Board of Waterways Leisure Tourism (Cordelia Cruises) on July 10, 2026 approved a 1:10 stock split, subject to shareholder approval. Each equity share of face value Rs. 10 will be split into 10 shares of Re. 1 each. Paid-up capital stays at Rs. 72.39 crore. Split expected to complete within about 3 months. Rationale: improve liquidity, affordability and broaden investor base. No fractional entitlements.
Likely market impact
Stock split improves liquidity and affordability for retail investors. Total shares multiply 10x while price adjusts down; overall company value unchanged.