Contract mobile phone manufacturer Dixon prepares to launch Rs 7 billion IPO
August 14, 2017
Mobile handset contract manufacturer, Dixon Technologies is planning to launch Rs 7 billion initial public offering (IPO) in September 2017. With this move, Noida-based Dixon will become the first Indian mobile phone producer to be listed since the launch of the ‘Make in India’ programme.
The company makes consumer electronics, home appliances, washing machines, mobile phones and lighting products for a number of brands including Panasonic, Phillips, Intex and Gionee.
The funds raised through IPO will be used for setting up a new plant for LED televisions and LED bulbs at Tirupati, paying off debt and getting into new businesses.
Share:
- Most Viewed
- Most Rated
- Most Shared
- Related Articles
- Rush for Funds - 3G and BWA auctions spu...
- Sterlite Technologies announces results ...
- Margins Under Pressure - Bharti and Idea...
- Financial briefs of March 2011
- Sify Technologies Limited reports third ...
- MTNL posts its results for the first qua...
- GTL Limited reports 26 per cent fall in ...
- Spice Group plans to raise $ 1 billion t...
- Spice Mobility Limited plans to transfer...
- Banglalink raises $102 million through c...
No Most Rated articles exists!!
