Joint Venture3 Mar 2026, 06:32 pm
Dixon Technologies and Longcheer Intelligence Acquire 74% and 26% Stake in Dixtel Infocom Private Limited Respectively
AI Summary
Dixon Technologies (India) Limited and Longcheer Intelligence Pte. Ltd. have consummated a joint venture agreement with Dixtel Infocom Private Limited. Dixon and Longcheer have invested INR 7.39 Crores and INR 2.60 Crores respectively, acquiring 73,90,000 and 26,00,000 equity shares of Dixtel Infocom Private Limited. This collaboration aims to introduce advancements in Original Design Manufacturer (ODM) expertise and facilitate localisation of non-semiconductor sub-component manufacturing in India.
Key Highlights
- Dixon Technologies and Longcheer Intelligence have invested INR 7.39 Crores and INR 2.60 Crores respectively in Dixtel Infocom Private Limited.
- This investment has resulted in Dixon and Longcheer acquiring 74% and 26% of the total issued and paid-up share capital of Dixtel Infocom Private Limited on a fully diluted basis.
- This joint venture aims to introduce advancements in Original Design Manufacturer (ODM) expertise and facilitate localisation of non-semiconductor sub-component manufacturing in India.
- Dixtel Infocom Private Limited is a Private Limited Company incorporated under the provisions of the Companies Act, 2013.
- The joint venture has obtained all the requisite governmental/regulatory approvals required for the acquisition.