Dixon Technologies (India) Limited has successfully incorporated its new subsidiary, Adivistar Electronics India Private Limited. The company has fully subscribed and paid for 25,50,000 equity shares, representing a 51% stake, for cash consideration. Adivistar Electronics is set to operate in the manufacturing of original equipment for electronic devices, including smartphones, bolstering Dixon’s manufacturing prowess.
Dixon Technologies Establishes New Subsidiary for OEM Business
Dixon Technologies (India) Limited announced the successful incorporation of its new subsidiary, Adivistar Electronics India Private Limited, on August 13, 2026. Following this, Dixon has completed the payment of subscription money for 25,50,000 equity shares, each with a face value of Rs. 10, for a total cash consideration of Rs. 2,55,00,000/-. This strategic move represents a 51% shareholding acquired by Dixon in the new entity.
Adivistar’s Business Focus and Impact
Adivistar Electronics India Private Limited will focus on the original equipment manufacturing (OEM) of electronic devices, with a specific emphasis on smartphones. This expansion is expected to bolster Dixon’s manufacturing excellence and superior execution abilities, further strengthening its foothold in the Indian android smartphone ecosystem. The incorporation of Adivistar aligns with Dixon’s strategy to enhance its capabilities in key technology sectors.
Regulatory Compliance and Transaction Details
The incorporation and subsequent subscription of shares by Dixon Technologies adhere to the requirements of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. All requisite governmental and regulatory approvals have been obtained for this acquisition. The subsidiary’s business operations are yet to commence, with its incorporation date being August 13, 2026.
Source: BSE
