Announced Wed, 15 Jul · 13:05 IST
DCX Systems invests Rs 84.32 cr more in ELTA Israel JV via rights issue
DCXINDIA · price
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Price reaction · full curve 14 horizons · vs prior close
-1.3%1-day move
₹193.40
prior close
₹192.40
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1-0.0-0.0+0.1-1.3-2.8-3.9-3.9-5.4-6.6————
Up moveDown movePending
AI summary
DCX Systems invested Rs 84.32 cr in ELTX Systems via rights issue, buying 2,34,229 shares at Rs 10 face value with Rs 3,590 premium. ELTX is a 37% associate and JV with ELTA Systems, Israel. DCX stake stays at 37%. Funds come from QIP proceeds raised in Jan 2024. ELTX is in defence and aerospace, had nil turnover in FY26 with Rs 1.30 Mn loss. Investment to support working capital and growth.
Likely market impact
Strengthens defence JV with ELTA Systems Israel using QIP funds; no change in 37% stake. ELTX still pre-revenue, so near-term earnings impact limited.