New Delhi, 3rd September 2026: Shardul Amarchand Mangaldas & Co. (SAM) advised vivo Mobile India Private Limited (VMI) on the formation of a 49:51 joint venture with Dixon Technologies (India) Limited, through the incorporation of a new company to undertake OEM manufacturing of electronic
devices, including smartphones.
The transaction is particularly notable for having received Government approval under Press Note 3, in connection with VMI’s 49% investment in the joint venture company. The transaction is expected to further strengthen India’s domestic electronics manufacturing and smartphone supply-chain ecosystem.
The SAM transaction team was led by Nivedita Tiwari, Partner, and comprised Kuhuk Jain, Principal Associate; Tweisha Mishra, Principal Associate; and Jasmine Khan, Senior Associate.
Advise on exchange control and Press Note 3 was given by Partners, Nivedita Tiwari, and Devesh Pandey, and Kuhuk Jain, Principal Associate.
Intellectual property team comprised of Apoorva Murali, Partner, and Anshika Chadha, Associate.
Competition team comprised of Manika Brar, Partner, and Arjav Kulshreshtha, Senior Associate.
Employment team comprised of Pooja Ramchandani, Partner, Suryansh Gupta, Principal Associate, and Aradhana Gorur, Associate.
About Shardul Amarchand Mangaldas & Co:
Shardul Amarchand Mangaldas & Co. (SAM), founded on a century of legal achievements, is one of India’s leading full-service law firms with the ISO/IEC 27001:2022 certification – the latest global benchmark for Information Security Management Systems. The Firm’s mission is to enable business by providing solutions as trusted advisers through excellence, responsiveness, innovation, and collaboration. SAM is known globally for its exceptional practices in mergers & acquisitions, private equity, competition law, insolvency & restructuring, dispute resolution, international commercial arbitration, capital markets, banking & finance, tax, intellectual property, data protection and data privacy, white collar crime, technology law and infrastructure, energy and project finance.
With the full suite of Harvey AI functionalities, the Firm has a pan-India presence and has been at the helm of major headline transactions and litigations in all sectors, besides advising major multinational corporates on their entry into the Indian market and their business strategy. Currently, the Firm has 1,002 lawyers including 193 Partners, offering legal services through its offices in New Delhi, Mumbai, Gurugram, Ahmedabad, GIFT City (Gandhinagar), Kolkata, Bengaluru and Chennai.
For further information, please contact –
Qasir Khan
M: +91 9654882105
Email: qasir.khan@amsshardul.com
Shashwati
M: +91 97180 80401
Email: shashwati@avianwe.com
