Cordelia Cruises plans to raise Rs 800 cr through IPO to fund growth plans

Q: How long will it take to read this news story?

The story "Cordelia Cruises plans to raise Rs 800 cr through IPO to fund growth plans" has 276 words across 9 sentences, which will take approximately 2 - 3 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Cordelia Cruises plans to raise Rs 800 cr through IPO to fund growth plans" was covered 1 weeks ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 282 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #26146632</li><li>URL: https://chronographically.beamstart.com/news/cordelia-cruises-plans-to-raise-17395426674498</li></ul>

Business Standard Logo Business Standard 1w ago

Cordelia Cruises plans to raise Rs 800 cr through IPO to fund growth plans - Business Standard

Quick Summary:

"We are in discussions with major cruise companies from the US and Europe, who are looking to divest ownership of their smaller ships with passenger capacities ranging between 2,000 to 2,500 guests per ship, as they transition to newer vessels with capacities of 5,000-7,000 guests," company's President and CEO Jurgen Bailom stated.

Waterways Leisure Tourism (Cordelia Cruises) on Friday said the company is planning to raise Rs 800 crore through an Initial Public Offering (IPO) to fund its growth plans.

The company's board has decided to raise funding through an IPO to raise around Rs 800 crore in the Indian capital market by issuing equity to institutional and other eligible investors, the company said in a statement.