Introduction:
Leading electronics manufacturing company has signed a binding term sheet for a proposed joint venture to undertake the OEM business of lighting products and accessories, aiming to enhance production capabilities and expand its presence in the lighting industry.
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Share price movement of Dixon:
On March 27, 2025, Dixon Technologies (India) Ltd opened at ₹13,261.05, up 0.07% from its previous close of ₹13,252.10. The stock reached a high of ₹13,669.25 (3.15%) and a low of ₹13,255.00. By 3:12 PM, it traded at ₹13,529.65, a 2.09% increase, with a market cap of ₹81,285.09 crore.
Dixon Technologies and Signify to Form Joint Venture:
Dixon Technologies (India) Limited and Signify Innovations India Limited sign a binding term sheet for a proposed joint venture to undertake the OEM business of lighting products and accessories. They have entered a legally binding term sheet for a 50:50 joint venture to manufacture lighting products and accessories in India.
The proposed joint venture will focus on developing lighting solutions to expand the expertise of both companies. The agreement covers operational terms, governance, and valuation. Dixon and Signify will share equal ownership, but they will not hold stakes in each other.
Recent news on Dixon:
As of January 20, 2025, Dixon Technologies (India) Ltd reported a 77.5% YoY rise in Q3FY25 net profit to ₹171.19 crore, with revenue surging 117% to ₹10,453.68 crore, showcasing strong business growth.
Stock performance of Dixon for Period of 1 week, 6 months, and 1 year:
Dixon Technologies (India) Ltd delivered a -4.64% return over the past week, declining by 5.54% in the past six months. The stock gained 78.6% over the past year.
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Shareholding pattern of Dixon:
| Particulars | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 32% | 33% | 33% |
| FII | 23% | 23% | 19% |
| DII | 22.60% | 23.10% | 26.10% |
| Public | 22% | 21% | 21% |
About Dixon:
Dixon Technologies (India) Limited (NSE: DIXON) is India’s largest homegrown design-focused manufacturer of consumer electronics, lighting, mobile phones, and appliances. Its diverse portfolio includes LED TVs, washing machines, wearables, telecom hardware, and reverse logistics services.
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.
