Dixon Technologies to Incorporate Electronics Manufacturing Subsidiary

Dixon Technologies (India) Limited is in the process of incorporating a new subsidiary, 'Adivistar Electronics India Private Limited'. Dixon will hold a 51% equity stake, comprising 25,50,000 shares, in the new entity. The subsidiary will focus on the original equipment manufacturing (OEM) of electronic devices, including smartphones. The total cost of subscription for Dixon's stake is INR 2,55,00,000. Approval has been received from MeitY under Press Note 3 (2020 Series) for the proposed investment.