Dixon Technologies Completes Longcheer JV with 74% Stake in Dixtel Infocom

Dixon Technologies (India) Limited announced the consummation of its Joint Venture Agreement with Longcheer Intelligence Pte. Ltd. and Dixtel Infocom Private Limited on March 3, 2026.

Dixon invested INR 7.39 Crores to acquire 73,90,000 equity shares of INR 10 each, while Longcheer invested INR 2.60 Crores for 26,00,000 shares. This gives Dixon a 74% controlling stake and Longcheer 26% in the JV Company on a fully diluted basis. Dixtel Infocom, previously a wholly-owned Dixon subsidiary incorporated on September 20, 2023, now operates with INR 10 Crores paid-up capital (INR 12 Crores authorized) and nil turnover for FY 2023-24 and 2024-25.

The JV focuses on manufacturing smartphones, tablets, true wireless stereo, smartwatches, AI PCs, automotive electronics, and healthcare devices. It brings Original Design Manufacturer (ODM) expertise and localizes non-semiconductor sub-component production in India, expanding beyond Dixon's core assembly business.

The transaction, a related party deal conducted at arm's length, received all required governmental and regulatory approvals. Dixon previously held 100% ownership, now diluted post-investment. The registered office remains at B-14 & 15, Phase-II, Noida-201305, Uttar Pradesh.

Shares of Dixon Technologies (India) Limited was last trading in BSE at Rs. 10147.30 as compared to the previous close of Rs. 10538.70. The total number of shares traded during the day was 144069 in over 18970 trades.

The stock hit an intraday high of Rs. 10479.25 and intraday low of 9760.20. The net turnover during the day was Rs. 1488596414.00.

Source : Equity Bulls

Keywords

DixonTechnologiesIndia INE935N01020 ConsumerElectronics JVAgreement LongcheerIntelligence DixtelInfocom