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Dixon Technologies forms Adivistar Electronics, partnering with vivo Mobile India
12-Aug-2026, 04:35
Dixon Technologies (India) Limited announced it is in the process of incorporating a subsidiary, Adivistar Electronics India Private Limited, in which Dixon will acquire 51% equity, comprising 25,50,000 shares with a face value of INR 10 each, for a total cash consideration of INR 2,55,00,000. The new company will undertake original equipment manufacturing (OEM) of electronic devices, including smartphones, and has received approval from the Ministry of Electronics and Information Technology for the investment by vivo Mobile India Private Limited.
Dixon Technologies (India) Limited announced it is in the process of incorporating a subsidiary, Adivistar Electronics India Private Limited, in which Dixon will acquire 51% equity, comprising 25,50,000 shares with a face value of INR 10 each, for a total cash consideration of INR 2,55,00,000. The new company will undertake original equipment manufacturing (OEM) of electronic devices, including smartphones, and has received approval from the Ministry of Electronics and Information Technology for the investment by vivo Mobile India Private Limited.