Dixon Technologies Shares Fall Amid Vivo's SFIO Probe; Potential Impact Explained

Dixon Technologies' stock drops over 3% amid Vivo's SFIO case. While Dixon faces no allegations, its JV with Vivo may face regulatory challenges.

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Dixon Technologies Shares Fall Amid Vivo's SFIO Probe; Potential Impact Explained

Dixon Technologies Shares Fall Amid Vivo's SFIO Probe; Potential Impact Explained
Dixon Technologies shares fell over 3.58% today following the news that the Serious Fraud Investigation Office (SFIO) is preparing to file charges against Vivo, a key partner in Dixon's joint venture. Vivo is accused of diverting over ₹2,000 crore in funds, as part of a broader probe into several Chinese smartphone makers. While Dixon itself is not facing any allegations, its 51% stake in the joint venture with Vivo has led to investor caution. 
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  • Dixon Technologies
  • Vivo
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  • Dixon Technologies
  • Vivo