Dixon Technologies (India) Limited has announced the acquisition of a 51% stake in Kunshan Q Tech Microelectronics (India) Private Limited for a total consideration of ₹552.99 crore.
The company said it has entered into a Share Subscription and Purchase Agreement with Kunshan Q Tech India, Q Technology (Singapore) Private Limited and Kunshan Q Technology International Limited. Dixon will purchase 1.61 crore equity shares for ₹427.99 crore from the existing shareholders and will also subscribe to 47.16 lakh fresh equity shares for ₹125 crore. Following completion of the transaction, Dixon will hold 51% of the paid-up share capital of Kunshan Q Tech India on a fully diluted basis, while Q Tech Singapore will hold the remaining 49%.
Kunshan Q Tech India was incorporated in 2019 and is engaged in the manufacturing and distribution of camera and fingerprint modules used in mobile handsets, IoT devices and automotive applications. The company reported a turnover of ₹1,977.21 crore in FY25, ₹2,434.99 crore in FY24 and ₹1,899.02 crore in FY23. Its net worth as of March 31, 2025, stood at negative ₹2,742.44 crore.
The acquisition is expected to be completed within 90 days, subject to regulatory and statutory approvals and other conditions outlined in the agreement.
