Joint Venture27 Mar 2025, 05:55 pm
Dixon Technologies and Signify Innovations to Form Joint Venture for OEM Business of Lighting Products
AI Summary
Dixon Technologies (India) Limited and Signify Innovations India Limited have signed a binding term sheet to form a joint venture for carrying out the OEM business of lighting products and accessories. Each company will hold 50% of the share capital in the proposed joint venture entity. The joint venture will undertake part of Signify’s OEM orders of lighting products in India, and will also engage in OEM business of various lighting products of other brands. The transaction is subject to execution of definitive agreements, completion of customary conditions precedent and receipt of applicable regulatory approvals.
Key Highlights
- Dixon Technologies and Signify Innovations to form a joint venture for OEM business of lighting products and accessories
- Each company will hold 50% of the share capital in the proposed joint venture entity
- The joint venture will undertake part of Signify’s OEM orders of lighting products in India
- The transaction is subject to execution of definitive agreements, completion of customary conditions precedent and receipt of applicable regulatory approvals