Branch² Intelligence
Waterways Leisure Tourism to consider stock split today, eight days after listing
Key takeaway
Waterways Leisure Tourism proposes stock split 8 days post-IPO; promoters hold 89% stake, above minimum public shareholding norms.
- Step 1Waterways Leisure Tourism proposes stock split 8 days post-IPO to enhance liquidity.
- Step 2Increased retail interest and trading volumes as lower share price attracts small investors.
- Step 3Promoter stake (89%) remains high; split may precede a secondary sale, creating dilution risk for minority shareholders.
Source: CNBC TV18 (Markets)
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