Announced Wed, 12 Aug · 16:07 IST
Dixon to set up smartphone OEM subsidiary with vivo India
DIXON · price
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Price reaction · full curve 14 horizons · vs prior close
+2.9%1-day move
₹13730.00
prior close
₹13840.00
base price
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AI summary
Dixon is incorporating subsidiary Adivistar Electronics India Private Limited for smartphone OEM manufacturing. Dixon will hold 51 percent (25.5 lakh shares at INR 10 each, total INR 2.55 crore), with vivo Mobile India holding the remaining 49 percent. MeitY approval received under Press Note 3. The new unit will manufacture smartphones and electronic devices, expanding Dixon's manufacturing footprint.
Likely market impact
Strengthens Dixon's smartphone manufacturing presence through JV with vivo India; adds new revenue stream and deepens ties with major handset brand.