Dixon Technologies (India) Limited — JV/Acquisition, 25-10-2024: Acquisition

Dixon Technologies (India) Limited announced the incorporation of two wholly-owned subsidiaries: Dixon Electroconnect Private Limited and Dixon IT Devices Private Limited. Both companies, established in September 2024, focus on manufacturing components for electronic vehicles and IT products, respectively. The subscription money for both subsidiaries was paid in October 2024, with Dixon Technologies acquiring 100% shareholding in each for a total cash consideration of ₹1,00,000.