Dixon Technologies (India) Ltd. announced plans to sell its entire 50% stake in AIL Dixon Tech to Aditya Infotech. In exchange, Dixon Technologies will acquire a 6.5% stake in Aditya Infotech.
Transaction Details
Dixon Technologies will receive 73,05,805 equity shares of Aditya Infotech, making up 6.5% of its post-issue equity share capital. In return, Dixon will transfer 95 lakh equity shares of AIL Dixon Technologies Private Limited, representing 50% of the joint venture’s share capital.
Conditions and Agreements
The deal’s completion is subject to conditions, including approval from the Competition Commission of India. Dixon Technologies has also signed a shareholders’ agreement with Aditya Infotech and its existing shareholders, outlining management and operational frameworks for Aditya Infotech post-acquisition. Shares of Dixon Technologies (India) closed 0.23% lower at Rs 12,477.30 per share, compared to a 0.05% decline in the S&P BSE Sensex.
Aditya Infotech is an unlisted public company that sources, distributes, and markets security systems under various brand names, including ‘CP Plus.’ The company reported a revenue of Rs 2,298 crore for the financial year ending March 2023.
Dixon Technologies, a leading electronics manufacturing services (EMS) provider in India, specializes in the production of consumer electronics, home appliances, lighting, and mobile phones. Established in 1993, the company has grown to become a key player in the industry, offering a wide range of services including design, manufacturing, and after-sales support.
With a focus on quality and innovation, Dixon Technologies collaborates with various global brands, providing them with end-to-end solutions. The company’s state-of-the-art manufacturing facilities and robust supply chain management have helped it maintain a strong market presence, driving growth and expanding its customer base both domestically and internationally.
