Dixon Tech, Vivo JV transaction to be completed in 2 months, revenue flow from Oct-Dec qtr: CEO
New Delhi, Dixon Technologies expects to complete the transaction of a new joint venture with Chinese smartphone firm Vivo in two months, and its revenue will start reflecting in its balance sheet from the October-December quarter, a senior company official has said.
The joint venture proposal of Dixon and Vivo was cleared by the government in the second week of July. The two companies signed a term sheet on December 15, 2024, to form the joint venture.
“Our Vivo JV is going to get fructified and a transaction concluded within the next two months. And the numbers are going to get accounted for in our financials from Q3,” Dixon CEO Atul Lall said in a recent company earnings call.
