Cordelia Cruises operator plans ₹727 crore IPO to fuel expansion

Waterways Leisure Tourism, which operates India’s only domestic cruise line Cordelia Cruises, has filed a Draft Red Herring Prospectus with SEBI to raise INR 727 crore through an IPO. The proceeds will primarily go towards lease payments for cruise vessels. The company currently holds a 65 per cent market share in value terms and plans to expand fleet capacity and itineraries.

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