Dixon Technologies share price jumps over 4% to a record high on joint venture pact with Vivo India

Dixon Technologies share price hit a record high on Monday after the company announced to form a joint venture with Vivo India to undertake OEM business of electronic devices, including smartphones. Dixon Technologies shares gained as much as 4.8% to a record high of ₹18,819 apiece on the BSE.

Dixon and vivo India announced the execution of a binding term sheet on December 15, 2024 for a proposed joint venture in India for carrying on the business as an original equipment manufacturer (OEM) of electronic devices including smartphones.