17-11-2023 10:59 AM | Source: Accord Fintech
DCX Systems shines on getting nod to raise funds up to Rs 500 crore

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DCX Systems is currently trading at Rs. 340.35, up by 23.50 points or 7.42% from its previous closing of Rs. 316.85 on the BSE.

The scrip opened at Rs. 324.95 and has touched a high and low of Rs. 341.95 and Rs. 318.60 respectively. So far 92069 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 351.30 on 05-Sep-2023 and a 52 week low of Rs. 138.90 on 28-Mar-2023.

Last one week high and low of the scrip stood at Rs. 344.30 and Rs. 280.05 respectively. The current market cap of the company is Rs. 3143.04 crore.

The promoters holding in the company stood at 71.73%, while Institutions and Non-Institutions held 8.27% and 19.99% respectively.

DCX Systems has received approval for raising of funds for an aggregate amount of up to and not exceeding Rs 500 crore, in one or more tranches and/or one or more issuances, simultaneously or otherwise, including by way of public issue, preferential issue, rights issue, private placement(s), qualified institutions placement(s) and/or any combination thereof or any other method as may be permitted in accordance with the applicable provisions of the Companies Act, 2013, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, (each as amended) and any other applicable law, in such manner, and on such terms and conditions as may be deemed appropriate by the Board in its absolute discretion, subject to the receipt of necessary approvals, including the approval of the members of the Company and such other regulatory and statutory approvals as maybe required. The Board of Directors of the Company at their meeting held on November 16, 2023, have, inter alia, approved the same. 

DCX Systems is primarily engaged in system integration and manufacturing a comprehensive array of cables and wire harness assemblies, and are also involved in kitting.