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Dixon Tech’s subsidiary, IsmartU India, inked a binding MoU with KHY to acquire land, machinery, and assets for Rs 133 crore. The Dixon Tech share price rose 1.78% to Rs 17,231.75.
Dixon Technologies’ subsidiary, IsmartU India Private Limited, has signed a binding Memorandum of Understanding (MoU) with KHY Electronic India Private Limited to acquire land, building, machinery, and other assets. The acquisition, valued at Rs 133 crore excluding applicable taxes, was finalised on January 18, 2025, and aims to expand Dixon’s operational capabilities.
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MoU Signing Date: January 18, 2025.
Asset Value: Rs 133 crore (excluding taxes).
Purpose: Acquisition of land, building, and machinery.
Subsidiary Involved: IsmartU India Private Limited.
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The Dixon Tech share price ended Friday’s trading session with a 1.78% gain, closing at Rs 17,231.75 on the BSE. Over the past year, the stock has seen an impressive rise of 182.40%, reaching a 52-week high of Rs 19,149.80.
Metric | Details |
Current Share Price | Rs 17,231.75 |
Weekly Gain | 1.78% |
52-Week High | Rs 19,149.80 |
Annual Growth | 182.40% |
The acquisition of KHY’s assets marks a significant step in enhancing Dixon Technologies’ manufacturing capacity and infrastructure. The land and machinery will likely support expanded production for domestic and export markets, aligning with the company’s growth strategy.
Dixon Technologies’ move to acquire assets worth Rs 133 crore demonstrates its focus on operational expansion and market leadership. With steady stock performance and a robust growth trajectory, Dixon remains a key player in the technology manufacturing sector.
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