DCX Systems Invests ₹84.3 Cr in Joint Venture ELTX Systems

DCX Systems Ltd has made a further investment of ₹84.32 crore in its associate and joint venture, ELTX Systems Private Limited. The investment was made through a rights issue and is part of the utilization of Qualified Institutional Placement (QIP) proceeds, aimed at supporting ELTX's working capital and operational requirements. ELTX Systems is a joint venture with ELTA Systems Limited, Israel, operating in the Defence and Aerospace Industry. The transaction was conducted on an arm's length basis. DCX Systems maintains its 37% shareholding in ELTX post-investment. The funds will help ELTX enhance its capabilities and scale operations.