New Delhi, July 10 -- Shares of Dixon Technologies (India) Ltd surged 3.5 per cent in intraday opening trade on Friday, after the company announced the execution of definitive agreements with Vivo Mobile India Pvt Ltd (VMI) to establish a joint venture for manufacturing smartphones and other electronic devices in India. At the time of reporting the company share was trading at 13,840 up 2.69 per cent.

The company informed stock exchanges on Thursday, that it has signed a joint venture agreement (JVA) and a shareholders' agreement with VMI to incorporate a joint venture company (JV Co.), subject to completion of customary conditions precedent. It also said VMI has received the Government of India's approval under Press Note 3 for incorpor...