India, Aug. 13 -- Waterways Leisure Tourism Ltd, operator of Cordelia Cruises, said its shareholders have approved the sub-division of the company's equity shares in a 1:10 ratio through a postal ballot.
Under the approved proposal, each existing equity share with a face value of Rs 10 will be split into 10 equity shares of Rs 1 each. The company has fixed August 26, 2026 as the record date to determine eligible shareholders for the share split.
The company's paid-up share capital will remain unchanged at Rs 723.95 million, while the number of equity shares will increase from 7.24 crore shares of Rs 10 each to approximately 72.39 crore shares of Rs 1 each following completion of the corporate action.
The share split is aimed at making th...