Dixon Technologies acquires 51% stake in Adivistar for ₹2.55 Cr

Dixon Technologies (India) Ltd has incorporated Adivistar Electronics India Private Limited as a subsidiary. Dixon subscribed to 2,550,000 equity shares of Adivistar for a cash consideration of ₹2.55 Crores, securing a 51% shareholding. Adivistar, incorporated on August 13, 2026, will operate as an original equipment manufacturer (OEM) of electronic devices, including smartphones. This strategic move aims to enhance Dixon's manufacturing capabilities and strengthen its position in the Indian Android smartphone ecosystem, particularly through a partnership with vivo. All necessary governmental and regulatory approvals for the acquisition have been obtained.