On August 16, 2025, Dixon Technologies (India) Limited informed the exchanges that it has signed a Share Subscription and Shareholders’ Agreement (SSHA) with HKC Overseas Limited, an affiliate of HKC Corporation, and its wholly owned subsidiary, Dixon Display Technologies Private Limited (DDTPL).
Under the agreement, Dixon will hold 74% and HKC 26% of DDTPL on a fully diluted basis. The joint venture will focus on manufacturing liquid crystal modules, thin-film transistor LCD modules, and assembling end products such as smartphones, TVs, monitors, and automotive displays for the Indian market.
The total investment in the joint venture will be about USD 42.3 million, with HKC contributing USD 10.998 million and Dixon investing USD 31.30 million in DDTPL in two tranches. Post completion, DDTPL will cease to be a wholly owned subsidiary of Dixon, with HKC becoming a strategic minority partner.
The collaboration aligns with Dixon’s broader expansion strategy in consumer electronics and display technologies. By leveraging HKC’s global expertise in displays and Dixon’s manufacturing leadership in India, the JV aims to enhance domestic production capacity and reduce reliance on imports in a high growth market.
The company highlighted that the joint venture will accelerate its growth ambitions in smartphones, TVs, monitors, and automotive display segments, sectors witnessing robust demand in India.
The transaction remains subject to approvals from relevant government authorities, including clearance under Press Note 3 of 2020 related to foreign direct investment rules. The expected timeline for completion of the proposed transaction is by December 2026.
Dixon Technologies (India) Limited (NSE: DIXON) shares were trading at ₹16,790, up ₹599 or 3.70% at 10:55 AM on the NSE from the previous close of ₹16,191. The stock opened higher at ₹16,500 and touched an intraday high of ₹16,912, while slipping to a low of ₹16,416. The volume weighted average price (VWAP) stood at ₹16,762.28.
Read More: Dixon Share Price Rises; Posted Q1 FY26 Results with Revenue Up 95% YoY, PAT Jumps 100%.
The Dixon HKC joint venture marks a significant strategic move in India’s display manufacturing space. With strong investment commitments and a clear growth roadmap, the partnership is expected to position Dixon as a key player in the electronics value chain, while boosting investor confidence in its long-term prospects.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Aug 18, 2025, 11:52 AM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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