Joint Venture17 Jul 2025, 06:46 am
Dixon Technologies to Form Joint Venture with Signify Innovations for Lighting OEM Business
AI Summary
Dixon Technologies (India) Limited has entered into a binding term sheet and executed a joint venture agreement with Signify Innovations India Limited to form a 50:50 joint venture company, Lightanium Technologies Private Limited. The Proposed Transaction involves the transfer of the lighting business of the Company, including its entire stake in Dixon Technologies Solutions Private Limited, and the transfer by Signify of its business undertaking comprising LED lighting manufacturing operations at its factory in Vadodara. The agreements for the proposed sale have been executed on July 16, 2025.
Key Highlights
- Dixon Technologies (India) Limited and Signify Innovations India Limited to form a 50:50 joint venture company, Lightanium Technologies Private Limited
- Proposed Transaction involves the transfer of the lighting business of the Company and the transfer by Signify of its LED lighting manufacturing operations
- Execution of share purchase agreement, business transfer agreement, and Signify Business Transfer Agreement on July 16, 2025
- After completion of the transaction, the Company and Signify will hold 50% each of the paid-up share capital of the JV Company