Wednesday, September 30
Dixon Technologies (India) promoter Sunil Vachani on Monday divested a 2.77 per cent stake in the homegrown contract manufacturer for over Rs 2,221 crore through an open market transaction. According to the bulk deal data on the BSE, Sunil Vachani, Chairperson of Dixon, offloaded 16.70 lakh shares or a 2.77 per cent stake in Noida-based Dixon Technologies. The shares were disposed of at an average price of Rs 13,301.47 apiece, taking the deal value to Rs 2,221.34 crore. Following the stake sale, Vachani's stakeholding in Dixon reduced to 2.57 per cent from 5.34 per cent. The combined holding of Dixon Tech's promoters also declined to 29.5 per cent from 32.27 per cent. Meanwhile, Motilal Oswal Mutual Fund acquired 14.45 lakh shares in two tranches, amounting to a 2.39 per cent stake in Dixo
