Dixon Technologies shares rise 4% on Vivo JV approval
after close1 source ↓written by the desknot a recommendation
- after the government
- 4%
- partnership aims
- 51%-49%
Dixon Technologies shares surged 4% after the government approved its joint venture with Vivo Mobile. The 51%-49% partnership aims to manufacture smartphones in India, clearing the last regulatory hurdle under Press Note 3. This approval allows the new entity to operate and produce devices for Vivo and potentially other brands.
Not investment advice. For informational purposes only.