Joint Venture12 Jun 2025, 07:57 pm
Dixon Technologies and Signify Innovations India to Form a Joint Venture for OEM Business of Lighting Products
AI Summary
Dixon Technologies (India) Limited and Signify Innovations India Limited have executed a joint venture agreement to form a joint venture company in India. The joint venture company will carry on the OEM business of lighting products and accessories. The share capital of the joint venture company will be held in the proportion of 50:50 by Dixon Technologies and Signify.
Key Highlights
- Dixon Technologies and Signify Innovations India will form a joint venture company in India for OEM business of lighting products and accessories.
- The share capital of the joint venture company will be held in the proportion of 50:50 by Dixon Technologies and Signify.
- The joint venture is subject to completion of customary conditions precedent.
- The JV Co. will be formed for carrying on the business as original equipment manufacturer (OEM) of lighting products and accessories.
- This association will bolster the Company’s manufacturing excellence and superior execution abilities and Signify’s leadership in the lighting industry.