STOCKWATCH

Dixon Technologies Approved to Acquire 6.5% Stake in Aditya Infotech Limited

Dixon Technologies (India) Ltd has received approval from the Competition Commission of India to acquire a 6.5% minority stake in Aditya Infotech Limited. The acquisition will be made in exchange for Dixon Technologies' entire shareholding in the JV Company, Aditya Infotech Limited, which constitutes 50% of the JV Company's share capital on a fully diluted basis. The transaction is subject to the fulfillment of other conditions precedent as required under the Share Subscription and Purchase Agreement.

• Dixon Technologies (India) Ltd has received approval from the Competition Commission of India to acquire a 6.5% minority stake in Aditya Infotech Limited.
• The acquisition will be made in exchange for Dixon Technologies' entire shareholding in the JV Company, Aditya Infotech Limited.
• The JV Company constitutes 50% of Aditya Infotech Limited's share capital on a fully diluted basis.
• The transaction is subject to the fulfillment of other conditions precedent as required under the Share Subscription and Purchase Agreement.
• The proposed combination was considered and approved under sub-section (1) of Section 31 of the Competition Act, 2002.