Dixon Technologies (India) has acquired, by way of acquisition, 75,00,000 fully paid up equity shares of face value of Rs 10 each of Padget Electronics, which represents 50% of total Equity Share capital of the Padget Electronics.
Consequently, post the completion of the acquisition, the Padget Electronics has become a wholly owned subsidiary of the Company as the Company previously held 50% of equity holding in the Target Company.
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.
