Dixon Technologies (India) has entered into a share purchase agreement with Ismartu In Pte. (Ismartu Singapore), Transsion Technology, 5A advisors LLP and Ismartu India (Ismartu) for proposed acquisition of majority stake constituting 50.10% and further acquisitions in tranches in Ismartu and a Shareholders’ Agreement with Ismartu Singapore, 5A Advisors LLP, and Ismartu for operation and management of Ismartu.
The consummation of transaction as per definitive agreement will be subject to the approval of Competition Commission of India (‘CCI’) and other customary closing conditions. Ismartu is engaged in electronics & mobile devices manufacturing with three numbers of state of the art manufacturing facilities in Noida under the brand name of ‘Itel’, ‘Infinix’ & ‘Tecno’ and is one of the market leaders in Smart phones & feature phones categories respectively in India.
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.
Company Name | CMP |
---|---|
Dixon Technologies | 8063.60 |
Honeywell Automation | 47950.00 |
MIRC Electronics | 24.51 |
Elin Electronics | 159.35 |
Safa Systems & Techn | 12.35 |
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