New Delhi, July 10 -- The recently listed Waterways Leisure Tourism, one of India's leading domestic ocean cruise operators, on Friday announced that its Board of Directors has approved a 1:10 stock split.

Under the proposal, one equity share with a face value of Rs.10 will be subdivided into 10 equity shares with a face value of Re 1 each, fully paid-up.

The proposal is subject to shareholders' approval, while the record date for determining eligible shareholders will be announced after the necessary approvals are obtained. The company expects to complete the entire process within three months from the date of approval, subject to any required regulatory clearances.

The company said the stock split is aimed at enhancing the liquidity ...