In response to the majority deal knowledge on the BSE, Sunil Vachani, Chairperson of Dixon, offloaded 16.70 lakh shares or a 2.77 per cent stake in Noida-based Dixon Applied sciences.
The shares have been disposed of at a median value of Rs 13,301.47 apiece, taking the deal worth to Rs 2,221.34 crore.
Following the stake sale, Vachani’s stakeholding in Dixon diminished to 2.57 per cent from 5.34 per cent. The mixed holding of Dixon Tech’s promoters additionally declined to 29.5 per cent from 32.27 per cent.
In the meantime, Motilal Oswal Mutual Fund acquired 14.45 lakh shares in two tranches, amounting to a 2.39 per cent stake in Dixon Applied sciences for Rs 1,924 crore.
The shares have been bought at a median value of Rs 13,307.96 apiece, taking the deal dimension to Rs 1,923.84 crore. After the stake purchase, Motilal Oswal Mutual Fund’s holding in Dixon Applied sciences rose to 4.63 per cent from 2.24 per cent. Particulars of the opposite consumers of Dixon Applied sciences couldn’t be ascertained on the change.
Shares of Dixon Applied sciences (India) rose 3.55 per cent to shut at Rs 14,554.10 per piece on the BSE.
Final month, electronics manufacturing providers firm Dixon Applied sciences (India) reported an over four-fold bounce in consolidated web revenue to Rs 464.95 crore within the fourth quarter ended March 31, 2025, driving on strong income progress.
The corporate had posted a consolidated web revenue of Rs 97.3 crore within the corresponding quarter of the earlier fiscal.
Its consolidated income from operations stood at Rs 10,292.54 crore in comparison with Rs 4,657.97 crore within the year-ago quarter, the corporate stated.
In FY25, its consolidated web revenue was Rs 1,232.58 crore in opposition to Rs 374.92 crore in FY24. The corporate’s consolidated income from operations in FY24 stood at Rs 38,860.1 crore from Rs 17,690.9 crore in FY24, it added.
