The Competition Commission of India on Thursday cleared electronic manufacturing services firm Dixon Technologies' proposed acquisition of 56 per cent stake in Ismartu India.

Ismartu India is in the business of providing EMS (Engineering and Manufacturing Services), in relation to the manufacturing of mobile phones and other ancillary services. Ismartu operates under brand names of 'Itel', 'Infinix' & 'Tecno'. It is the Indian subsidiary of Ismartu Ind Pte. Ltd.

"The Competition Commission of India (CCI) has approved the acquisition of up to 56 per cent shareholding of Ismartu India Private Ltd by Dixon Technologies (India) Ltd," the regulator said in a release.