Vivo to hive off manufacturing unit to joint venture
pre-market1 source ↓written by the desknot a recommendation
- will hold
- 51% stake
- Vivo will retain
- 49%
Vivo plans to transfer its Noida manufacturing unit to a joint venture with Dixon Technologies, which has received government approval. Dixon will hold a 51% stake, while Vivo will retain 49%. This move aims to shift Vivo towards an asset-light business model in India, enhancing operational efficiency.
Not investment advice. For informational purposes only.