Dixon Technologies reportedly in talks to acquire majority stake in India's Transsion Holdings phone-making unit.
Dixon Technologies, India's largest electronics contract manufacturer, is reportedly in initial talks to acquire a majority stake in the Indian phone-making unit of China's Transsion Holdings. Transsion's India business is valued at approximately Rs 700 crore. The talks come as the Indian government seeks to increase Indian companies' influence in the country's mobile phone industry, currently dominated by Chinese brands.
April 02, 2024
5 Articles