Dixon Technologies (India) has received the Competition Commission of India (CCI) approval for acquisition of 56 per cent stake in Ismartu India.
Ismartu India is in the business of providing EMS (Engineering and Manufacturing Services), in relation to the manufacturing of mobile phones and other ancillary services. Ismartu operates under brand names of 'Itel', 'Infinix' & 'Tecno'. It is the Indian subsidiary of Ismartu Ind Pte.
In April this year, Dixon Technologies had signed a share purchase agreement to acquire up to 56 per cent stake in Ismartu India in two tranches.
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.
