What's The Buzz On Dixon Tech?

Sources said to ET Now that Dixon Tech's management had spoken to the leadership team of Xiaomi. Business continuity is to be maintained and there is no issue with payments. There is no indication of any cancellation of contracts and Dixon continues to manufacture TV sets on a normal basis for Xiaomi. The spokesperson of Xiaomi India stated that information mentioned in the tweet is false and baseless. Reports of Xiaomi moving its operations from India to Pakistan had surfaced as its bank accounts were frozen. Roughly 12% of revenue for Dixon Tech comes from Xiaomi. Dixon Tech fell up to 3% in the day's trade.