Dixon Technologies (India) Ltd is engaged in the business of providing electronic manufacturing services (EMS). It offers EMS solutions for lighting, televisions, washing machines, security systems, wearables, and audible devices, among others.
The regulator also cleared the acquisition of a stake in AIL Dixon Technologies by Aditya Infotech Ltd (AIL). “The Commission approves the subscription of certain shares of Aditya Infotech Ltd (AIL) by Dixon Technologies (India) Ltd and the acquisition of certain shares of AIL Dixon Technologies Pvt Ltd by AIL,” the CCI said in a post on X.
Read also: Dixon subsidiary Padget Electronics signs deal with HP India to manufacture PCs
AIL Dixon Technologies is a joint venture (JV) between AIL and Dixon Technologies India. It is engaged in manufacturing and assembly of ESS. During the fiscal year 2024, the JV reported revenues of ₹
632.62 crores.
Aditya Infotech is engaged in the business of supplying, distributing and marketing electronic security systems under its brand name CP Plus. It is an unlisted public company and has reported revenues of ₹2,298 crore for the financial year ending March 2023.
In July, Dixon Technologies (India) announced plans to sell its entire 50% stake in joint venture AIL Dixon Tech to Aditya Infotech.
Read also: Dixon Technologies expects Rs 3,500 crore revenue from computer hardware next year
As part of the transaction, Dixon said it has entered into a share purchase and subscription agreement with AIL to acquire a 6.5% stake in the company in exchange for the divestment.
Transactions above a certain threshold require approval from the regulator, which monitors unfair trading practices and promotes fair competition in the market.
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