Shares of technology company Dixon Tech jumped 5% to their day’s high of Rs 12,860 on the BSE on Wednesday after reports claimed that the government is likely to clear the long-pending Dixon-Vivo joint venture this month, which will reduce the risk exposure of the Chinese mobile company to India.
According to a PTI report, an inter-ministerial panel has given in-principle approval to the deal, and MeitY will clear it after due process. The deal for a joint venture was signed between the two companies in December 2024, in which Dixon Technologies will be the majority shareholder with a 51% stake.
