Dixon Technologies gains as its arm inks MoU with KHY Electronic India
Dixon Technologies (India) is currently trading at Rs. 17366.05, up by 134.30 points or 0.78% from its previous closing of Rs. 17231.75 on the BSE.
The scrip opened at Rs. 17374.70 and has touched a high and low of Rs. 17511.30 and Rs. 17161.25 respectively. So far 7460 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 19149.80 on 17-Dec-2024 and a 52 week low of Rs. 5785.00 on 24-Jan-2024.
Last one week high and low of the scrip stood at Rs. 17511.30 and Rs. 15735.65 respectively. The current market cap of the company is Rs. 104509.36 crore.
The promoters holding in the company stood at 32.42%, while Institutions and Non-Institutions held 45.84% and 21.74% respectively.
Dixon Technologies’ (India) subsidiary -- IsmartU India (IIPL) has entered into a Binding Memorandum of Understanding (MoU) with KHY Electronic India (KHY), whereby IIPL will acquire, land and building, machinery and other tangible assets (Assets), from KHY, for an amount of upto Rs 133 crore excluding applicable taxes, subject to necessary adjustments in terms of due diligence and satisfactory completion of conditions precedent as set out in MoU and signing of definitive agreements.
The objective of MoU is to achieve capacity enhancement of manufacturing operations of IIPL.
Dixon Technologies (India) is the largest home-grown design-focused and solutions company engaged in manufacturing products in the consumer durables, lighting and mobile phones markets in India.
