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An announcement from Dixon Technologies (India) Ltd. ( (IN:DIXON) ) is now available.
Dixon Technologies (India) Ltd. has announced a strategic move to form a joint venture with Signify Innovations India Ltd., resulting in the creation of Lightanium Technologies Private Limited. This joint venture aims to consolidate the lighting operations of both companies, with Dixon transferring its lighting business and stake in Dixon Technologies Solutions Private Limited, while Signify contributes its LED lighting manufacturing operations. This collaboration is expected to enhance Dixon’s market positioning in the lighting sector, allowing both companies to hold equal shares in the new entity, potentially leading to increased operational efficiencies and market reach.
More about Dixon Technologies (India) Ltd.
Dixon Technologies (India) Ltd. operates in the electronics manufacturing services industry, focusing on the production of consumer electronics, home appliances, lighting products, and mobile phones. The company is known for its OEM services and has a significant presence in the Indian market.
Average Trading Volume: 56,038
Current Market Cap: 961.5B INR
See more data about DIXON stock on TipRanks’ Stock Analysis page.