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Waterways Leisure Tourism Ltd, the operator of Cordelia Cruises, is gearing up to expand its fleet by adding two more ships. To finance this expansion, the company plans to raise ₹800 crore through an Initial Public Offering (IPO). If successful, Cordelia Cruises will become the first cruise operator in India to go public, pending approval from market regulator SEBI.
Cordelia Cruises’ IPO & Expansion Plans
✔ Funding Target: ₹800 crore via IPO.
✔ Fleet Expansion: Addition of two new ships.
✔ Increased Capacity: Will boost guest capacity by 4,000 passengers, taking the total to 6,000 passengers.
New Leadership & Board Expansion
In a significant leadership announcement, Vice Admiral Anil Chopra has joined Cordelia Cruises’ board.
✔ Existing board members: Jurgen Bailom, Aditya Gupta, and Coralie Ansari.
✔ Planned expansion: The board will bring in experts from tourism and entertainment to strengthen the company’s strategic direction.
