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

Press Note 3, which was implemented in April 2020, restricted any direct investment in domestic firms from “countries that share a geographical border with India”. In March this year, the Center changed the rating to allow companies, including Chinese entities, to invest up to 10% non-controlling stake in a joint venture. However, the Dixon-Vivo deal will still require government approval, given that Vivo’s stake in the venture is 49%.