NOIDA, INDIA – Dixon Technologies has acquired a 100% stake in Dixtel Infocom.

The electronics manufacturer bought shares of Dixtel for a cash consideration of Rs 1 lakh ($1,200), as per an exchange filing on Thursday.

Dixtel has been incorporated as a wholly-owned subsidiary of Dixon Technologies as of Sept. 20, the company said.

"The wholly-owned subsidiary has been incorporated with an object to undertake electronic manufacturing services and wholesale/trading of electronic equipments thereof," the filing said.

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