Shares of electronic devices producing services firm Dixon Technologies (India) rallied 3.8% to strike the days high of Rs 16,428 on BSE on Wednesday, after the business revealed on Tuesday that it had signed a binding term sheet to get a 51% stake in Kunshan Q Tech Microelectronics (India).
The proposed acquisition will be executed through a mix of primary and secondary investments, as stated by the company in a regulative filing.
Financial information of the offer were not disclosed.
Dixon and Q Tech Group are happy to reveal the execution of a binding term sheet on July 15, 2025, for the proposed acquisition of an aggregate of 51% shareholding in Q Tech India by Dixon for the function of partnership in manufacturing & & supply of camera and fingerprint modules for mobile handsets, internet of things (IoT) systems, and automobile applications, the filing stated.The completion of the acquisition rests upon the finalizing of conclusive agreements, invoice of any appropriate regulatory approvals, and fulfilment of traditional conditions precedent.This tactical move is set to approve Dixon access to sophisticated technology, high-precision production capabilities, and a specialised skill swimming pool, facilitating its expansion within Indias growing electronic devices element market.
Currently, Q Tech India supplies services across IT support, cybersecurity, home automation, and web development.Live EventsCommenting on the acquisition, Atul B.
Lall, Vice Chairman and Managing Director of Dixon Technologies (India), stated, Acquiring bulk stake in Qtech India is a significant step forward in Dixons journey foraying into development and production of camera modules and fingerprint recognition modules throughout mobile handsets, IoT gadgets and automotive applications, therefore reinforcing backwards combination plans of the Company.
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