Dixon Tech Share Price Today Drops After Government Approval for HKC Joint Venture; Know Why Stock is Falling

Shares of Dixon Technologies Ltd declined on Wednesday even after the company secured government approval for a proposed display manufacturing joint venture with HKC Overseas Limited.

Dixon Tech Share Price Today

As of 2:13 pm on March 11, shares of Dixon Technologies (India) Ltd were trading at Rs 10,589.00 on the National Stock Exchange (NSE), registering a decline of Rs 319.00 or 2.92 percent for the day.

During the trading session, the stock opened at Rs 10,962.00 and touched an intraday high of Rs 11,050.00, while slipping to a low of Rs 10,572.00. Over the past year, the stock has recorded a 52 week high of Rs 18,471.00 and a 52 week low of Rs 9,630.00.

Why Dixon Tech Share Price Is Falling Today

The drop came a day after the company informed stock exchanges that it had received approval from the Ministry of Electronics and Information Technology under the provisions of Press Note 3 of 2020. The clearance allows HKC Overseas Limited, an affiliate of HKC Corporation, to invest in Dixon's display manufacturing arm.

According to the company, the approval has been granted under Press Note 3 read with the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019, which regulate foreign investments from entities located in countries sharing land borders with India.

The investment proposal involves HKC subscribing to equity that will represent a 26 percent stake in Dixon Display Technologies Private Limited on a fully diluted basis, while Dixon will retain the remaining 74 percent ownership.

Once the transaction is completed and the remaining conditions outlined in the share subscription and shareholders' agreement signed on August 16, 2025 are fulfilled, the subsidiary will transition into a joint venture between Dixon Technologies and HKC Overseas.

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