Dixon Technologies and vivo Mobile Finalize Agreements for New OEM Joint Venture in India
Dixon Technologies (India) Limited has finalized crucial agreements with vivo Mobile India Private Limited (VMI) to establish a joint venture company (JV Co). This collaboration is aimed at capturing opportunities in the original equipment manufacturer (OEM) business of electronic devices, including smartphones, in the Indian market.The execution involves two key documents: a Joint Venture Agreement (JVA) and a Shareholders' Agreement (SHA), building upon a term sheet previously shared by Dixon Technologies on December 15, 2024.A significant operational development is that VMI has received approval from the Government of India regarding the...