INSUBCONTINENT EXCLUSIVE:
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
The proposed acquisition will be executed through a mix of primary and secondary investments, as stated by the company in a regulative
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
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
(Disclaimer: Recommendations, recommendations, views and opinions given by the experts are their own
These do not represent the views of the Economic Times)
