After 1:2 Split & Dividend, SmallCap Defence Stock Now Announces JV With Israel Firm
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Smallcap Defence stock partnered with HevenDrones Israel to create drone systems for India's defense. Earlier, It announced a stock split and final dividend for FY25.
Paras Defence Share Price: Paras Defence and Space Technologies Ltd has joined hands with HevenDrones Israel, an independent subsidiary of Heven – a US-based global company that is recognized for its autonomous, hydrogen-powered and mission-specific drones.
The JV will establish a new entity in India to design, manufacture and supply next-generation drone systems tailored for India's defence and homeland security landscape, with long-term plans to address global markets.
On Tuesday, shares of Paras Defence and Space Technologies Ltd traded in red intraday at noon to Rs 1369.15 per share. The scrip opened at Rs 1391.10 apiece, against the previous day close at Rs 1375.70 apiece.
Paras Defence and Space Technologies Ltd has a market cap of Rs 5,529 crore as of May 06, and is part of BSE Smallcap.
Paras Defence Share Up 50% In One Month
Investors showed a strong interest on Paras Defence and Space Technologies Ltd's shares in the past week before and on the announcement of stock split.
The stock price climbed from Rs 1,045.10 apiece to Rs 1,373 apiece between April 25 to April 30, reflecting a strong buying push by investors.
Paras Defence Stock Split 2025
Paras Defence and Space Technologies announced a stock split of existing 1 (one) equity share of face value of Rs 10 each into 2 (two) equity shares of face value of Rs 5 each, subject to shareholders' approval. The record date for the purpose of above sub-division/split of equity shares will be decided after obtaining approval for sub-division/split from the shareholders through postal ballot electronic voting process and will be intimated in due course.
Paras Defence Final Dividend 2025
Paras Defence and Space Technologies recommended the payment of final dividend of Rs 0.50 per equity share of Rs 5 each for the financial year 2024-25 (post the completion of the sub-division/split of equity shares).
First Published:
May 06, 2025, 12:47 IST
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