Dixon Technologies (India) Limited
Acquisition Details
Dixon Technologies (India) Limited has incorporated Adivistar Electronics India Private Limited ("Adivistar") as its subsidiary company. On 21st September, 2026, Dixon paid the subscription money for 25,50,000 equity shares of face value ₹10 each in Adivistar, acquiring a 51% shareholding.
Financial Details
- Cost of acquisition: ₹2,55,00,000 (Rupees Two Crores Fifty-Five Lakhs only)
- Share structure: 25,50,000 equity shares at par value (₹10 per share)
- Consideration type: Cash payment
- Percentage acquired: 51% shareholding
Company Background
Adivistar Electronics India Private Limited was incorporated on 13th August, 2026. The company has not commenced business operations yet and therefore has nil turnover. It is incorporated in India and will operate as an original equipment manufacturer (OEM) of electronic devices, including smartphones.
Business Rationale
The acquisition will bolster Dixon's manufacturing excellence and superior execution abilities while strengthening its foothold in the Android smartphone ecosystem in India. The partnership aligns with Dixon's main line of business.
Timeline
- Proposed incorporation intimated: 12th August, 2026
- Company incorporated: 13th August, 2026
- Subscription money paid: 21st September, 2026
Additional Information
This disclosure is made in compliance with SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026 and is available on Dixon's website at www.dixoninfo.com.
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