Latest news with #SignifyInnovationsIndia

Economic Times

Dixon Technologies shares in focus on JV with Signify to strengthen lighting business in India

Dixon Technologies (India) shares are likely to be in the spotlight on Friday, June 13, 2025, after announcing its 50-50 joint venture agreement with Signify Innovations India. ADVERTISEMENT 'Pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI LODR Regulations'), we hereby inform you that, the Company has executed a joint venture agreement with Signify to enable formation of a joint venture company in India to carry on the OEM business of lighting products and accessories, and is subject to completion of customary conditions precedent ('Proposed Transaction'),' the company said in an exchange filing. The announcement signals a strategic partnership aimed at expanding the companies' presence in India's lighting products and accessories sector. Dixon Technologies, a key player in the Indian manufacturing industry, has entered into a joint venture agreement with Signify, the global leader in lighting solutions. The joint venture company will be equally owned by both entities, with each holding a 50% equity share marks a crucial development for Dixon Technologies as it embarks on becoming an original equipment manufacturer (OEM) for lighting products and accessories in proposed transaction is subject to the completion of customary conditions and is expected to be finalized by November 30, 2025. ADVERTISEMENT The formation of the joint venture is seen as a step forward in Dixon Technologies' growth strategy, as it will leverage the company's strong manufacturing capabilities along with Signify's market leadership in the lighting industry. Dixon Technologies shares closed 1.9% lower at Rs 14,505.65 on the BSE on Thursday. ADVERTISEMENT Also read: Reliance sells 3.6% Asian Paints for $900 million to SBI MF (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)