iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Dixon enters into binding term sheet with Ibahn Illumination

20 Sep 2022 , 09:16 AM

Dixon Technologies announced that it has entered into binding Term Sheet with Ibahn Illumination Private Limited (‘Ibahn’) whereby Ibahn has agreed to transfer its cutting-edge Technologies of smart lighting solutions.
The Technology which is going to be transferred shall include the technology developed by Ibahn pertaining to BLE Mesh Smart Lighting (App, Firmware, Hardware, and Cloud Hosted Database) that provides customers with a wide range of combination & control as well as work-in-progress technology pertaining to WiFi based technology solutions for its lighting products.
Bluetooth Mesh is a computer mesh network standard based on Bluetooth Low Energy (BLE), which is a wireless personal area network technology designed to provide low-cost & low energy consumption connectivity. 
Atul B. Lall, Vice Chairman & Managing Director of Dixon Technologies stated, “We are thrilled to buy the smart lighting solutions from Ibahn to offer the best of lighting & technology to our consumers in lighting business.
I am confident that this addition of smart lighting solutions to the existing technology & R&D base of the Company shall prove to be the prominent milestone in our journey of continuous innovation in our Lighting business.”

On Tuesday morning trade, Dixon Technologies (India) Ltd is currently trading at Rs4,485 per share up by Rs84.3 or 1.92% from its previous closing of Rs4,400.70 per share on the BSE.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • BSH
  • Dixon Technologies India Ltd
  • Dixon Technologies India Ltd shares
  • Dixon Technologies India Ltd stocks
  • MOU
  • news
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.