Dixon incorporates Adivistar subsidiary, invests Rs 2.55 cr for 51% stake in vivo smartphone JV
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Dixon Technologies has incorporated subsidiary Adivistar Electronics India Private Limited and subscribed to 25,50,000 equity shares at face value of Rs 10 each, taking 51 percent stake for Rs 2.55 crores in cash. Adivistar will act as OEM manufacturer of electronic devices including smartphones, partnering with vivo. The subsidiary was incorporated on 13 August 2026. Dixon says the partnership with vivo will strengthen its foothold in the Android smartphone ecosystem in India. Adivistar has nil turnover as it is yet to commence business.
Strategic move into smartphone OEM manufacturing via JV with vivo; small Rs 2.55 cr outlay signals large long-term smartphone expansion plans.