Government approves Dixon-Vivo JV; Motilal Oswal sees 33% revenue growth opportunity
The wait is finally over. The Government has approved Dixon Technologies and Vivo Mobile India’s joint venture (JV) to manufacture smartphones and other electronic devices in India. The company has also signed a shareholders’ agreement with Vivo to govern the management and operations of the proposed JV.
Dixon, Vivo JV to undertake Vivo’s smartphone manufacturing orders
Under the JV, Dixon Technologies will hold a 51% stake in the joint venture, while Vivo Mobile India will own the remaining 49%.
