Dixon to set up smartphone OEM subsidiary with vivo India

Marquee Jv AnnouncedStrategic Transactions View source PDF Explain this filing

DIXON · price

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Price reactionminutes from the announcement price · days from the prior close

+2.2%Reaction day

₹13730.00

prior close

₹13840.00

announcement price

After-mkt

timing

Nifty Midcap 150market+0.1%+2.1% vs market

Consumer Electronics peers, median of 11sector+0.0%+2.2% vs sector

On the reaction day the stock moved 2.1 pts more than Nifty Midcap 150 and 2.2 pts more than its Consumer Electronics peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.9

10m

-1.0

15m

-1.1

30m

-1.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.2+0.1+2.1+0.0+2.2

Next day

+2.9-0.4+3.3-0.1+3.0

+2.1-0.3+2.4-0.2+2.3

+3.1-0.7+3.7-2.1+5.1

+5.3-0.9+6.2-1.7+7.0

+8.2-0.6+8.7-2.5+10.6

+5.8-0.4+6.2-0.9+6.8

15d

+5.2-1.3+6.5-5.0+10.1

-4.0-4.9+0.9-4.2+0.1

-7.2-7.2-0.0-8.2+0.9

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UpDownMarket · Nifty Midcap 150Sector · Consumer Electronics peers, median of 11Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

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.