Dixon Technologies (India) Limited has informed the Exchange about Dixon Technologies (India) Limited enters into a binding Term Sheet with Kunshan Q Tech Microelectronics (India) Private Limited ( Q Tech India ) and its shareholders for proposed acquisition of an aggregate of 51% shareholding in Q Tech India
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Dixon Technologies has signed a binding term sheet to acquire a 51% majority stake in Kunshan Q Tech Microelectronics (India) Private Limited (Q Tech India), a company that makes camera and fingerprint modules for mobile phones, IoT devices and automotive applications. The deal will be done through a mix of primary (new) and secondary (existing shares) investment, with the sellers being Q Tech Singapore and Kunshan Q Technology International. The transaction is still subject to signing of final definitive agreements and any applicable regulatory approvals, so it has not closed yet. Management said this move strengthens Dixon's backward integration plans and expands its role in India's electronics component ecosystem. The acquisition positions Dixon to move into higher-value components beyond its existing finished-product assembly business.
Positive strategic development for Dixon as it diversifies into high-precision component manufacturing, which could boost margins and reduce dependence on third-party suppliers; however, the deal is not yet closed and remains subject to definitive agreements and approvals, so near-term stock impact may be limited until certainty improves.