Dixon Technologies shares rise 3% on Vivo India JV approval
pre-market1 source ↓written by the desknot a recommendation
- in early trading
- 3%
- shareholding structure
- 51:49
Dixon Technologies shares surged 3% in early trading after announcing a joint venture with Vivo Mobile India. The new entity, with a 51:49 shareholding structure, aims to manufacture smartphones and electronic devices as an OEM. Government approval under Press Note 3 of 2020 has been secured, paving the way for incorporation.
This development is expected to enhance Dixon's market position in the electronics sector, potentially boosting investor sentiment.
Not investment advice. For informational purposes only.