Dixon Technologies acquires Padget Electronics for Rs 27 crore

Dixon Technologies India Limited has acquired, by way of acquisition, 7,500,000 fully paid up equity shares of face value of Rs 10/- each of Padget Electronics Private Limited, which represents 50 percent of total equity share capital of Padget. Consequently, post the completion of the acquisition, Padget has become a wholly owned subsidiary of Dixon Technologies. Padget Electronics is primarily into manufacturing of mobile phones. Therefore, this acquisition is a strategic investment decision and Dixon plans to accelerate the growth of this business segment.

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