The Ministry of Corporate Affairs today approved the incorporation of BEL IAI AeroSystems Pvt Ltd., a joint venture between Bharat Electronics Ltd. and Israel Aerospace Industries Ltd.
The new joint venture will provide product support, including repair and maintenance and related activities of Medium-Range Surface to Air Missile System deployed and used in India, Bharat Electronics notified through an exchange filing.
According to the company, Bharat Electronics has a 40% shareholding in the new joint venture, owning 1,64,000 shares of BE IAI AeroSystems.
ADVERTISEMENT
On Friday, shares of Bharat Electronics Ltd. closed 1.5% higher at Rs. 291.95 on the National Stock Exchange.
Add us to your Preferences
Set as your preferred source on Google
ADVERTISEMENT
RECOMMENDED FOR YOU
RVNL Share Price Snaps Four-Day Losing Streak On Signing JV With Texmaco Rail
Aug 28, 2025
India's Response To Future Conflicts Must Be Swift, Decisive: CDS Gen Chauhan
Aug 25, 2025
India-Thailand Joint Military Exercise To Be Held From Sept. 1-14
Aug 23, 2025
North Korea Says South Fired Warning Shots At Its Soldiers
Aug 23, 2025
POPULAR
1
Export Obligation Period Extension To Impart Much-Needed Relief To Textile Exporters: Govt
2
SBI, AFD Sign 100 Million Euro Line Of Credit To Boost Green Financing In India
3
Two Special Trains Leave Jammu With Over 1,200 Stranded Passengers, 51 Trains Cancelled On Sunday
4
Commerce Ministry Working On Short, Medium, Long-Term Steps To Shield Exporters From US Tariffs
5