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TaxTMI 
CCI approves acquisition of up to 56% shareholding of Ismartu India Private Limited by Dixon Technologies (India) Limited
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....CI approves acquisition of up to 56% shareholding of Ismartu India Private Limited by Dixon Technologies (India) Limited <br>News and Press Release<br>Dated:- 19-7-2024<br><BR>The Competition Commissi....
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....on of India (CCI) has approved the acquisition of up to 56% shareholding of Ismartu India Private Limited (Target) by Dixon Technologies (India) Limited (Acquirer). The Acquirer (through various subs....
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....idiaries and joint ventures in India) is involved in the business of providing Engineering and Manufacturing Services (EMS). Acquirer's product line includes EMS for communication devices like mobile ....
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....phones as well as other communication devices such as laptops, tablets. In addition to communication devices, the Acquirer also provides EMS for lighting solutions, television, washing machines, secur....
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....ity systems, wearables and hearables etc. The Target is the Indian subsidiary of Ismartu Ind. Pte. Limited. The Target is involved in the business of providing EMS, in relation to the manufacturing m....
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....obile phones, Printed Circuit Board Assembly, LCD Module display and other ancillary services for mobile phones. The Target is engaged in production, assembly, testing, procurement, failure analysis, ....
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....etc. in relation to its business. Detailed order of the CCI will follow.<BR> News - Press release - PIB....