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Introduction:

Subsidiary of a prominent Indian technology firm has entered into a binding Memorandum of Understanding (MOU) with KHY Electronic India Private Limited. The MOU outlines an acquisition of assets worth INR 133 Crores to boost manufacturing capacity.

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Share price movement of Dixon Technologies:

On January 20, 2025, Dixon Technologies (India) Limited opened at ₹17,374.70, up 0.83% from its previous close of ₹17,231.75. The stock reached a high of ₹17,511.30 and a low of ₹17,161.25. By 10:06 AM, it traded at ₹17,222.20, a 0.06% decrease, with a market cap of ₹1,03,455.87 crore.

Dixon Subsidiary Signs MOU for Acquisition:

Dixon Technologies (India) Limited’s subsidiary, IsmartU India Private Limited (IIPL), has signed a binding Memorandum of Understanding (MOU) with KHY Electronic India Private Limited. The agreement involves the acquisition of assets worth up to INR 133 Crores, excluding applicable taxes.

The assets include land, buildings, machinery, and other tangible assets from KHY, aimed at enhancing IIPL’s manufacturing capacity. The deal is contingent on due diligence and the completion of conditions as set out in the MOU, followed by signing definitive agreements.

The transaction is not related to any promoter or group companies and is not classified as a related party transaction. There will be no share issuance or loans involved in this acquisition, and no significant changes are expected from the agreement.

Recent news on Dixon Technologies:

As of December 26, 2024, Dixon Electro Manufacturing, a subsidiary of Dixon Technologies (India) Limited, signed an MOU with Cellecor Gadgets Limited to manufacture refrigerators and components, supporting the ‘Make in India’ initiative and addressing growing domestic demand.

Stock performance of Dixon Technologies for Period of 1 week, 6 months and 1 year:

Dixon Technologies (India) Limited has shown strong performance over various time frames. Over the past week, the stock has gained 8.77%. In the last six months, it has surged by 56.8%, and over the past year, the stock has increased by a remarkable 186%.

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Shareholding pattern of Dixon Technologies:

All values in %	Dec 2024	Sep  2024	Jun 01, 2024
Promoter	32.40%	32.90%	33.20%
FII	23.20%	22.70%	19.30%
DII	22.60%	23.10%	26.10%
Public	21.70%	21.30%	21.30%

About Dixon Technologies:

Dixon Technologies (India) Limited (NSE: DIXON), established in 1993, is a leading Electronic Manufacturing Services (EMS) company in India. It specializes in consumer electronics, lighting, home appliances, CCTVs, and mobile phones, with a strong market presence and diverse product portfolio.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.