Dixon Technologies Shares Fall Amid Vivo's SFIO Probe; Potential Impact Explained

Dixon Technologies shares fell over 3.58% today following the news that the Serious Fraud Investigation Office (SFIO) is preparing to file charges against Vivo, a key partner in Dixon's joint venture. Vivo is accused of diverting over ₹2,000 crore in funds, as part of a broader probe into several Chinese smartphone makers. While Dixon itself is not facing any allegations, its 51% stake in the joint venture with Vivo has led to investor caution.