Dixon pins FY27 growth hopes on Vivo JV approval, steady mobile demand

Imposed in April 2020, Press Note 3 restricted any direct investment from “countries sharing a geographical border with India” to invest in domestic firms. In March this year, the Centre amended the note to allow companies, including Chinese entities, to invest for up to a 10% non-controlling stake in a joint venture. The Dixon-Vivo deal, however, will still require approval from the government, given that Vivo’s stake in the venture is 49%.