Dixon Technologies to buy 50% stake in Ismartu Singapore; Up 3%

Dixon Technologies, a leading manufacturer of consumer durables and mobile phones, saw 3% rise in shares during Tuesday's early trade after it entered Share Purchase Agreement with Ismartu In Pte. Ltd, Transsion Technology Ltd, 5A Advisors LLP, and IsmaAdvisorsa Private Ltd. The proposed acquisition of a 50.10% majority stake aims to bolster the company’s leadership and manufacturing capabilities.