Dixon Technologies (India) has completed the acquisition of Tranche 1 Shares, i.e., 50.10% stake in Ismartu India, for a total consideration of Rs 275.99 crore on August 13, 2024 (subject to post closing adjustment in terms of the SPA). Accordingly, Ismartu India has become a subsidiary of the company.
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.
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 |
|---|---|
| LG Electronics India | 1590.00 |
| Dixon Technologies | 11285.05 |
| IFB Industries | 1106.80 |
| Honeywell Automation | 32810.00 |
| Elin Electronics | 116.30 |
| View more.. | |
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