Shares of Dixon Applied sciences Ltd gained nearly 2% on Monday, 20 January, after the corporate introduced its plans to amass land and property of KHY Digital India.
In its regulatory submitting, the corporate stated that its subsidiary IsmartU has introduced coming into a binding Memorandum of Understanding (MoU) with KHY Electronics India, and thereby, the arm will purchase equipment, land and constructing, and different tangible property of KHY for a complete consideration of Rs 133 crore.
The corporate additionally introduced that the Board of Administrators is about to satisfy on 20 January to think about and approve the unaudited monetary outcomes of the corporate for the quarter that ended 31 December.
Earlier, the corporate introduced that it was inking an MoU with Cellecor Devices to fabricate fridges and associated parts for Cellecor.
Dixon Applied sciences is a number one Indian firm specializing in design-driven manufacturing options throughout shopper durables, lighting, and cell phone segments.
Its various product vary options LED TVs, washing machines, LED bulbs, tube lights, downlighters, cell phones, wearables, hearables, fridges, and telecom and IT {hardware} merchandise.
Past manufacturing, Dixon Applied sciences additionally presents reverse logistics providers, together with the restore and refurbishment of LED TV panels.
At 12:04 pm, the shares of Dixon Tech have been buying and selling 1.28% greater at Rs 17,445.20 on NSE.
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