Acquisitions26 Sept 2025, 05:22 pm
Dixon Technologies Acquires 51% Stake in Kunshan Q Tech Microelectronics for INR 5,529 Million
AI Summary
Dixon Technologies (India) Limited (DTIL) has completed the acquisition of an aggregate of 51% of the paid-up share capital of Kunshan Q Tech Microelectronics (India) Private Limited (Q Tech India) through a share subscription and purchase agreement. The total consideration amounted to INR 5,529 Million. DTIL has also executed a shareholder’s agreement with Q Tech India and Q Technology (Singapore) Private Limited for governing their inter-se relationship in respect of the management of Q Tech India.
Key Highlights
- DTIL has acquired a total of 20,867,924 equity shares of INR 10 each of Q Tech India for INR 5,529 Million.
- The acquisition was done through a share subscription and purchase agreement.
- DTIL has also executed a shareholder’s agreement with Q Tech India and Q Technology (Singapore) Private Limited.
- The shareholders’ agreement governs the management and inter-se shareholder rights of Q Tech India.
- After the acquisition, the shareholding structure of Q Tech India is: DTIL (along with its nominees) - 51%, and Q Tech Singapore - 49%.