Dixon Technologies (India) soars on executing SSHA with HKC Overseas, DDTPL
Dixon Technologies (India) is currently trading at Rs. 16690.00, up by 499.45 points or 3.08% from its previous closing of Rs. 16190.55 on the BSE.
The scrip opened at Rs. 16500.00 and has touched a high and low of Rs. 16920.65 and Rs. 16451.45 respectively. So far 14258 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. 12040.00 on 09-Sep-2024.
Last one week high and low of the scrip stood at Rs. 16920.65 and Rs. 15600.00 respectively. The current market cap of the company is Rs. 101037.89 crore.
The promoters holding in the company stood at 28.95%, while Institutions and Non-Institutions held 47.24% and 23.81% respectively.
Dixon Technologies (India) has executed a share subscription and shareholders’ agreement (SSHA) on August 16, 2025 with HKC Overseas (HKC), an affiliate of HKC Corporation, and Dixon Display Technologies (DDTPL), a wholly owned subsidiary of the company, for subscription of equity shares by HKC amounting to 26% of the paid-up share capital of DDTPL on a fully diluted basis and subscription of equity shares by the company amounting to 74% of the paid-up share capital of DDTPL on a fully diluted basis; and governing inter-se relationship of the company and HKC in respect of operation and management of DDTPL (collectively Proposed Transaction).
The agreement aims to create a joint venture for development, manufacturing and distribution of liquid crystal modules and thin film transistor liquid crystal display modules, and sale of such products in the Indian market. Upon completion of the proposed transaction, DDTPL will cease to be wholly owned subsidiary of the company, and the company will hold shares representing 74% of the share capital of DDTPL and HKC will hold shares representing 26% of the share capital of DDTPL, respectively. The proposed transaction is expected to be completed by December, 2026.
Earlier, Dixon Technologies (India) had entered into a Term Sheet with HKC Corporation to form a joint venture for manufacturing of Liquid Crystal Modules, thin film transistor liquid crystal display modules, assembly of end products such as smartphones, TVs, monitors and auto displays and selling HKC branded end products in India, subject to receipt of necessary statutory approvals and signing of definitive agreements.
Dixon Technologies (India) is fully integrated end-to-end product and solution suite to original equipment manufacturers (OEMs) ranging from global sourcing, manufacturing, quality testing and packaging to logistics.
