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Exclusive: Dixon Technologies hires bankers for IPO

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Contract electronics maker Dixon Technologies India Pvt Ltd is finalising plans for an initial public offering, as indications of a pick-up in stock markets after the drop in November prompt local companies to look at share sales again. India’s benchmark stock market indexes had fallen as much as 6.8% in the eight trading sessions after Prime Minister Narendra Modi outlawed high-value banknotes from 9 November to fight graft and tax evasion. The shock decision led to a cash crunch, dragged business activity lower and hurt investment sentiment. However, the stock markets have pared losses in recent weeks, with the 30-stock...

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