Joint Venture9 Jul 2026, 08:41 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. Dixon Technologies will hold a 51% stake, and VMI will hold 49% in the JV Co. The initial paid-up share capital is ₹5 crore. The transaction is subject to customary conditions precedent and regulatory approvals. This move aims to bolster Dixon's manufacturing capabilities and strengthen its position in the smartphone ecosystem.
Key Highlights
- Dixon Technologies and vivo Mobile India to form a 51:49 JV.
- JV will focus on OEM business for electronic devices and smartphones.
- Initial share capital of ₹5 crore to be contributed by both parties.
- Aims to enhance manufacturing excellence and market foothold.
- Transaction subject to conditions precedent and regulatory approvals.
Price Impact
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