Dixon Technologies shares jumped more than 2% in morning trade after the company’s wholly owned subsidiary, Padget Electronics Private Limited, signed an MOU with Asus India Private Limited to manufacture information technology products, such as notebooks.
In the exchange filing, the company shared, “We wish to inform that Dixon Technologies (India) Limited’s Wholly Owned Subsidiary, Padget Electronics Private Limited has entered into an MOU with Asus India Private Limited (“Asus”) for manufacturing of information technology products i.e. notebooks, subject to signing of definitive agreements with Asus’s entity/ies or its affiliate(s).”
As of 10:18 am, Dixon Technologies shares were trading 2.17% higher at Rs 13,309.95 on the NSE.
