Dixon Technologies updates on JV with Beetel

Dixon Technologies (India) Limited ("Dixon") had earlier announced regarding Joint Venture Agreement entered into between Dixon, Beetel Teletech Limited and Dixon Electro Appliances Private Limited (JV Company). Pursuant to the terms of the Joint Venture Agreement and share subscription agreement, both dated 9th November, 2021, the JV Company shall be 51% owned by Dixon and 49% owned by Beetel. Consequently, the JV Company has allotted fresh equity shares to Dixon and Beetel on 7th January, 2022.

Shares of Dixon Technologies (India) Limited was last trading in BSE at Rs. 5296.90 as compared to the previous close of Rs. 5338.45. The total number of shares traded during the day was 11525 in over 1877 trades.

The stock hit an intraday high of Rs. 5395.95 and intraday low of 5277.45. The net turnover during the day was Rs. 61219790.00.

Source : Equity Bulls

Keywords

DixonTechnologiesIndia INE935N01020 ConsumerElectronics BeetelTeletech JV