Live Breaking News & Updates on Transsion Technology Ltd
Stay updated with breaking news from Transsion technology ltd. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Dixon Technologies to acquire majority stake in Ismartu India yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.
Dixon Technologies, a leading contract manufacturer in India, is set to acquire a majority stake in Ismartu India, a leading electronics and mobile device manufacturing firm. The company has entered into a share purchase agreement to acquire a 50.10% stake in the first tranche from Ismartu Singapore, Transsion Technology Ltd, and 5A advisors LLP. The acquisition is in line with Dixon Technologies strategy to grow in the business segment and achieve strategic goals. ....
Dixon Technologies, India s top contract manufacturer, plans to acquire a majority stake in Ismartu India, a manufacturing unit of Chinese phone maker Transsion Holdings. Dixon will initially purchase 50.10% stake for Rs 238.36 crore in cash, with plans to eventually hold around 55% stake. The deal aims to boost India s role in the mobile phone ecosystem dominated by Chinese brands. ....