Announced Wed, 17 Jun · 13:38 IST
Dixon clarifies no new update on Vivo JV; statutory approval still awaited
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DIXON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+3.5%1-day move
₹12233.00
prior close
₹12822.00
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.2-0.6-0.9-0.5+3.5+2.8+0.7-2.8-1.5-3.3+10.1+16.7——
Up moveDown movePending
AI summary
NSE sought clarification on a media report about Dixon-Vivo JV getting government approval and JPMorgan's overweight rating. Dixon confirms the binding term sheet was signed on 15 Dec 2024 (Dixon 51%, Vivo 49% stake), with the JV pending statutory and foreign exchange approvals. The company says no new material development has occurred beyond what was already disclosed, and it had no role in the media article. The original JV announcement was made to stock exchanges in Dec 2024.
Likely market impact
No fresh trigger; stock may stay volatile on rumor-driven moves until Vivo JV approval comes through