Dixon Technologies forms JV with Vivo to manufacture smartphone
Electronic manufacturing services provider Dixon Technologies has formed a joint venture (JV) with Vivo to manufacture smartphones for the Chinese smartphone brand and others. Dixon will have a majority stake in the JV.
The firm has signed a binding term sheet under which the electronics manufacturer will hold 51% of the share capital, while Vivo India will have 49% share. Neither Dixon nor Vivo India will have any stake in each other as part of the agreement.
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