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.
The market has generally been slow be it televisions or home appliances. Dishwashers saw a spurt for a couple of months, but the boom seems to be over for that...Read More