Dixon Technologies share price hit a record high on Monday after the company announced to form a joint venture with Vivo India to undertake OEM business of electronic devices, including smartphones. Dixon Technologies shares gained as much as 4.8% to a record high of ₹18,819 apiece on the BSE.
Dixon and vivo India announced the execution of a binding term sheet on December 15, 2024 for a proposed joint venture in India for carrying on the business as an original equipment manufacturer (OEM) of electronic devices including smartphones.
Dixon will hold 51% of the share capital and vivo India will hold 49% of the share capital in the proposed joint venture entity.
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