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The Economic Times
The Economic Times
Veer Sharma

Dixon Tech shares jump 4% on govt nod to form JV with Vivo. What are experts saying?

Dixon Vivo JV India Dixon Technologies Emkay Nomura

Shares of Dixon Technologies India jumped as much as 4% to Rs 14,027 on the BSE on Friday after Chinese smartphone brand Vivo Mobile India received the long-pending government approval to form a joint-venture partnership with Dixon for manufacturing of smartphones.

Both companies had signed a binding term sheet in December 2024 under which the electronics manufacturer will hold 51% of the share capital, while Vivo India will have 49% share. The joint-venture was pending government approval under the Press Note 3 of 2020 which mandates companies from countries sharing a land border with India to require government approval to invest in India.

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