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Dixon Technologies (India) Ltd. ( (IN:DIXON) ) has shared an update.
Dixon Technologies (India) Limited has announced a strategic move to diversify its operations by forming a joint venture with Signify Innovations India Limited, named Lightanium Technologies Private Limited. This joint venture involves the transfer of Dixon’s lighting business and its entire stake in Dixon Technologies Solutions Private Limited, along with Signify’s LED lighting manufacturing operations. The transactions are structured to exchange shares in the JV Company, positioning both companies to hold equal stakes in the new entity. This move is expected to enhance Dixon’s market positioning in the lighting sector and streamline its operations, potentially impacting stakeholders by aligning with industry trends towards consolidation and specialization.
More about Dixon Technologies (India) Ltd.
Dixon Technologies (India) Limited is a prominent player in the electronics manufacturing services industry, focusing on producing consumer electronics, home appliances, and lighting products. The company is known for its original equipment manufacturing (OEM) services and has a significant presence in the Indian market.
Average Trading Volume: 56,038
Current Market Cap: 961.5B INR
For an in-depth examination of DIXON stock, go to TipRanks’ Overview page.