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Dixon Tech Arm Signs MoU with KHY for Rs 133 Crore Asset Acquisition

Synopsis:

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 Tech news today

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.

Also read: Hitachi Energy India To Raise ₹4,200 Crore Via Equity Shares And QIP

DIXON TECHNO (INDIA) LTD

Trade

17559.45335.00 (1.94 %)

Updated - 20 January 2025
17687.90day high
DAY HIGH
17156.05day low
DAY LOW
360057
VOLUME (BSE)

Key Takeaways:

  • 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.

Also read: IndusInd Bank CFO Resigns; Deputy CEO Arun Khurana Takes Charge

Stock Performance And Market Trends

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%

Strategic Acquisition To Boost Operations

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.

Also read: India Approves Export of 10 Lakh Metric Tonnes of Sugar

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Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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