LIC sells 2% stake in Dixon Technologies; shareholding drops to 3%

Life Insurance Corporation (LIC) of India’s shareholding in Dixon Technologies India Limited has decreased from 2,997,913 to 1,794,395 equity shares, a drop from 5.012 per cent to 3 per cent of the paid-up capital, the company said in a BSE filing. \

Dixon Technologies, the country’s largest home-grown electronics manufacturing services (EMS) player, has a market cap of Rs 37,634.46 crore. The company reported a 2 per cent decrease in holding from 5.012 per cent to 3 per cent during the period from April 20, 2022 to December 15, 2023 at an average cost of Rs 5,877.65. The company’s nature of consideration is an open market sale.