Dixon Technologies divests Aditya Infotech holding
Key Highlights
Dixon Technologies sold a 1.14% stake in Aditya Infotech for ₹581.65 crore. Mutual funds acquired the shares at ₹4,140.00 apiece.
Dixon Technologies divested its 1.14% stake in Aditya Infotech through open market transactions. The company offloaded around 14.05 lakh shares of the firm at an average price of ₹4,140.00 apiece, resulting in a total transaction value of around ₹581.65 crore.
Motilal Oswal Mutual Fund and Kotak Mahindra Mutual Fund purchased the shares sold by Dixon Technologies at the same price. Motilal Oswal Mutual Fund acquired around 8.43 lakh shares for around ₹348.99 crore, while Kotak Mahindra Mutual Fund bought around 5.62 lakh shares for around ₹232.66 crore. These transactions were completed on the open market.
Aditya Infotech provides a wide range of advanced video security and surveillance products, technologies, and solutions. The company serves both enterprise and consumer segments under its CP PLUS brand. The firm stated that this brand has strong recall value within the security market. The divestment represents the full exit of the 1.14% stake previously held by Dixon Technologies in the company.
Based on company and agency reports. For information only; not investment advice.