Imagine Marketing, owner of consumer electronics brand BoAt, has filed a preliminary prospectus with capital markets regulator Sebi to raise Rs 2,000 crore through an initial public offering (IPO).
Electronics manufacturing firm Dixon Technologies and Imagine Marketing -- the parent company of earwear brand boat -- have formed a 50:50 joint venture to manufacture Bluetooth enabled audio devices. The company and Imagine have entered into a joint venture agreement to form a joint venture company for undertaking the manufacture of Bluetooth enabled audio devices, said a regulatory filing by Dixon Technologies. The proposed JV Company will undertake design and manufacturing of Wireless Audio Solutions in India & the JV partners will co-invest in the evolving Indian mobile accessory market, a joint statement said. The association will enable the companies to meet the evolving needs of customers by delivering high-quality and aspirational lifestyle-focused hearable solutions, backed by quality manufacturing and robust R&D, it said. Both the companies will nominate two directors each on the board of the JV. Both the JV Partners i.e. Company and Imagine shall have right to ...
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