Ocean cruise operator Waterways Leisure Tourism is set to raise ₹585 crore for expansion and lease payments. Despite operating a single vessel, the company plans to add two more, aiming to boost capacity. However, recent financial reports show declining revenue and profits, with a significant increase in passenger attrition and dependence on Mumbai as a key port. Investors are advised to await financial clarity due to these concerns.
Waterways Leisure Tourism is launching an IPO to raise ₹585 crore for expansion and lease payments, despite currently operating a single vessel. The company faces challenges including declining revenue and profits, increased passenger attrition, and heavy reliance on Mumbai…
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