Dixon Technologies (India) divested a 1.14% stake in Aditya Infotech for approximately ₹582 crore. The company offloaded 14.05 lakh shares through open market transactions at an average price of ₹4,140.00 per share.
The divestment involved the sale of 14.05 lakh shares of Aditya Infotech. Motilal Oswal Mutual Fund and Kotak Mahindra Mutual Fund purchased these shares at the same average price of ₹4,140.00 per share. Motilal Oswal Mutual Fund acquired 8.43 lakh shares for around ₹348.99 crore, while Kotak Mahindra Mutual Fund bought 5.62 lakh shares for around ₹232.66 crore.
Dixon Technologies (India) operates as a fully integrated provider of end-to-end product and solution suites for original equipment manufacturers. Its service offerings range from global sourcing, manufacturing, quality testing and packaging to logistics. The company completed these transactions through the open market to divest its holding in the entity. The firm provides these services to original equipment manufacturers across various stages of the production cycle, including sourcing and final delivery.
Based on company and agency reports. For information only; not investment advice.