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Dixon Technologies (India) Ltd. ( (IN:DIXON) ) has provided an announcement.
Dixon Technologies’ subsidiary, IsmartU India Private Limited (IIPL), has entered into a binding Memorandum of Understanding with KHY Electronic India Private Limited to acquire land, buildings, machinery, and other tangible assets for up to INR 133 Crores. This acquisition aims to enhance IIPL’s manufacturing capacity, reflecting Dixon’s strategy to strengthen its operational capabilities and market position. The agreement is subject to due diligence and the satisfaction of certain conditions.
More about Dixon Technologies (India) Ltd.
Dixon Technologies (India) Limited operates in the electronics manufacturing industry, providing a range of products such as consumer electronics, home appliances, lighting, and mobile phones. The company focuses on enhancing its manufacturing capabilities and expanding its market presence.
YTD Price Performance: -4.32%
Average Trading Volume: 25,085
Current Market Cap: 1017B INR
See more data about DIXON stock on TipRanks’ Stock Analysis page.