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VERIFIEDET Finance·neutral
Govt likely to clear Dixon-Vivo JV deal this month
AI Summary
- ·The government is expected to approve the Dixon-Vivo joint venture this month.
- ·Dixon Technologies will hold a majority stake in the new venture focused on manufacturing electronic devices like smartphones.
- ·Vivo's Noida facility will be integrated into the joint venture, reducing Vivo's operational risks in India.