Dixon Technologies shares climbed nearly 2% after its subsidiary, IsmartU India Private Limited (IIPL), signed a Binding Memorandum of Understanding (MOU) with KHY Electronic India Private Limited (KHY) on January 18, 2025. As of 11:45 AM, Dixon Technologies shares were trading 1.66% higher at Rs 17,510.55.
Key Highlights:
- Objective: Boost IIPL’s manufacturing capacity through strategic asset acquisition.
- Deal Size: ₹133 crore (excluding taxes) for land, buildings, machinery, and other tangible assets. Adjustments may apply post due diligence.
- Conditions: Completion depends on signing definitive agreements and meeting prerequisites outlined in the MOU.
- Relationship: The transaction is not a related party deal, with no shareholding ties between IIPL and KHY.
Dixon Technologies shares opened at ₹17,324.00, with an intraday high of ₹17,555.55 and a low of ₹17,156.05. The stock is trading near its 52-week high of ₹19,148.90, significantly above the 52-week low of ₹5,782.85.
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