30-Jun-2026 13:12:49
Dixon Technologies Rises Over 3% on Likely Government Approval for Vivo JV
Shares of Dixon Technologies gained over 3% after reports suggested the government is close to approving its proposed joint venture with Vivo. The JV has reportedly received clearance from the Inter-Ministerial Group, with only the formal approval letter pending. Under the proposed structure, Dixon will hold a 51% stake, while Vivo will own 49%. The venture is expected to integrate Vivo's Noida manufacturing facility and significantly expand smartphone production in India.