Waterways Leisure Tourism, operator of Cordelia Cruises, has filed its DRHP with SEBI to raise Rs 727 crore via an IPO consisting entirely of fresh shares. The company will use Rs 552.53 crore for lease-related payments to its step-down subsidiary and the rest for general corporate purposes. The IPO follows the book-building route with 75% reserved for QIBs.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets