Dixon Technologies (India) Limited and Longcheer Intelligence Pte. Ltd have formed a Joint Venture – Dixtel Infocom Private Limited. Post-closing, Dixon holds 74% and Longcheer holds 26% of the total paid-up share capital of Dixtel.
Khaitan & Co acted as joint deal counsel on the joint venture. The Firm advised both Dixon and Longcheer on the structuring, drafting, negotiation, finalisation and execution of the joint venture documentation, and assisted on transaction implementation and closing aspects.
The transaction team consisted of Atul Pandey (Partner), Arjun Bhagi (Partner), Varun Yadav (Principal Associate) and Mehul Mehta (Associate).
Dixtel will be engaged in the business of manufacturing and supply of smart phone/tablets, true wireless stereo, smart watch, AI PC, automotive electronics, healthcare devices, etc. This collaboration will introduce several key advancements, particularly in Original Design Manufacturer (ODM) expertise and will facilitate the localisation of the non-semiconductor sub-component manufacturing in India.
If you would like your Deals, Columns, Press Releases to be published on Bar & Bench, please fill in the form available here.