MeitY clears Dixon–HKC JV for display manufacturing

Dixon Technologies (India) on Monday received approval from the ministry of electronics and information technology (MeitY) for its proposed joint venture with HKC Overseas under Press Note 3 of 2020, clearing a key regulatory hurdle for the company’s planned entry into display technology manufacturing.

The approval allows HKC Overseas, an affiliate of HKC Corporation, to acquire a minority stake in Dixon Display Technologies (DDTPL), a wholly owned subsidiary of Dixon Technologies. Following completion of the transaction, Dixon will hold a 74% stake in the venture while HKC Overseas will own the remaining 26%.