By Debdeep Gupta | 16 Dec, 2024
Dixon Tech soars to record high on pact to setup new mfg joint venture with Vivo India
Shares of Dixon Technologies surged close to 3 percent and hit a record high of Rs 18,438 in early trade on December 16 after the company signed a binding term sheet for setting up a new manufacturing joint venture with Vivo India.Under the agreement, Dixon will hold a majority 51 percent stake in the joint venture, while Vivo India, a subsidiary of global smartphone giant Vivo, will own the remai...
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