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Dixon Technologies and Signify Innovations have finalized their 50:50 joint venture, Lightanium Technologies Private Limited, for the OEM lighting products business. Dixon transferred its lighting division and a subsidiary. Signify contributed its LED manufacturing operations from Vadodara. Both companies now hold 50% equity in the JV, with Signify investing INR 140.30 crore cash. A shareholders' agreement governs the JV, granting both equal board representation and Dixon the chairman role. This strategic partnership aims to enhance their market presence in the lighting sector.