Dixon Technologies chairperson Sunil Vachani sells 2.77% stake for over ₹2,221 crore; check details

Dixon Technologies (India) promoter Sunil Vachani on Monday divested a 2.77% stake in the homegrown contract manufacturer for over ₹2,221 crore through an open market transaction.

The shares were disposed of at an average price of ₹13,301.47 apiece, taking the deal value to ₹2,221.34 crore.

Following the stake sale, Vachani's stakeholding in Dixon reduced to 2.57% from 5.34%. The combined holding of Dixon Tech's promoters also declined to 29.5% from 32.27%.

Meanwhile, Motilal Oswal Mutual Fund acquired 14.45 lakh shares in two tranches, amounting to a 2.39% stake in Dixon Technologies for ₹1,924 crore.

The shares were purchased at an average price of ₹13,307.96 apiece, taking the deal size to ₹1,923.84 crore.

After the stake buy, Motilal Oswal Mutual Fund's holding in Dixon Technologies rose to 4.63% from 2.24%.

Details of the other buyers of Dixon Technologies could not be ascertained on the exchange.

Dixon Technologies (India) shares surged 3.51% on the National Stock Exchange to close at ₹14,540 apiece on Monday.

Last month, electronics manufacturing services company Dixon Technologies (India) reported an over four-fold jump in consolidated net profit to ₹464.95 crore in the fourth quarter ended March 31, 2025, riding on robust revenue growth.

The company had posted a consolidated net profit of ₹97.3 crore in the corresponding quarter of the previous fiscal.

The sharp jump in profit came on account of an exceptional item of ₹250 crore arising from the sale of AIL Dixon Technologies Private Limited shares to Aditya Infotech Limited.

Its consolidated revenue from operations stood at ₹10,292.54 crore compared to ₹4,657.97 crore in the year-ago quarter, the company said.

In FY25, its consolidated net profit was ₹1,232.58 crore against ₹374.92 crore in FY24. The company's consolidated revenue from operations in FY24 stood at ₹38,860.1 crore, up from ₹17,690.9 crore in FY24, it added.

Its revenue from mobile and other EMS divisions jumped 194% to ₹9,102 crore, and its operating profit surged 232% to ₹349 crore.

Revenue from the consumer electronics and appliances (LED TV & Refrigerator) business saw a decline of 23% to ₹689 crore from ₹897 crore in the March quarter, while its operating profit rose 40% to ₹42 crore from ₹30 crore in the year-ago period.