Joint Venture9 Jul 2026, 08:50 pm
Dixon Technologies Forms JV with Vivo Mobile India for OEM Business
AI Summary
Dixon Technologies (India) Limited has executed a joint venture agreement (JVA) and a shareholders' agreement with vivo Mobile India Private Limited (VMI) to form a joint venture company (JV Co.) in India. The JV Co. will undertake the original equipment manufacturer (OEM) business for electronic devices, including smartphones. The shareholding in the JV Co. will be 51% held by Dixon Technologies and 49% by VMI. The initial paid-up share capital is set at INR 5 crore. VMI has received government approval for the incorporation of the JV Co. and subscription of its shares. The JV will also engage in OEM business for other brands.
Key Highlights
- Dixon Technologies and Vivo Mobile India form a joint venture.
- JV will focus on OEM business for electronic devices and smartphones.
- Dixon Technologies to hold 51% stake, Vivo Mobile India 49%.
- Initial paid-up capital for JV is ₹5 crore.
- Government approval received for JV incorporation and share subscription.
Price Impact
More from DIXON