Dixon Technologies shares gain 3% as firm to buy majority stake in Ismartu
Dixon Technologies shares opened higher at Rs 7805. The market cap of the consumer durables firm rose to Rs 46,012 crore.
Source: businesstoday.in
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Dixon to acquire majority stake of Ismartu India
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Source: indiaretailing.com
ismartu india: Dixon to acquire majority stake of Ismartu India
Dixon Technologies, a leading contract manufacturer in India, is set to acquire a majority stake in Ismartu India, a leading electronics and mobile device manufacturing firm. The company has entered into a share purchase agreement to acquire a 50.10% stake in the first tranche from Ismartu Singapore, Transsion Technology Ltd, and 5A advisors LLP. The acquisition is in line with Dixon Technologies' strategy to grow in the business segment and achieve strategic goals.
Source: indiatimes.com
Dixon to buy majority stake in Transsion manufacturing unit
Dixon Technologies, India's top contract manufacturer, plans to acquire a majority stake in Ismartu India, a manufacturing unit of Chinese phone maker Transsion Holdings. Dixon will initially purchase 50.10% stake for Rs 238.36 crore in cash, with plans to eventually hold around 55% stake. The deal aims to boost India's role in the mobile phone ecosystem dominated by Chinese brands.
Source: indiatimes.com