India Business News: Tata Electronics to acquire majority stake in Pegatron India for iPhone manufacturing, boosting Apple ties. Investment in Tamil Nadu facility and Luxs
Mumbai: Tata Electronics is in an advanced stage to take control of Taiwanese company Pegatron’s India unit as it looks to expand its electronics manu.
Tata Group is in talks with Taiwan's Pegatron to form a partnership to manage an iPhone assembly plant that is under construction in Hosur, Tamil Nadu.
The Competition Commission of India (CCI) has approved the proposals for stake acquisitions in Religare Enterprises (REL) by four entities controlled by the Burman family members. These entities aim to acquire a majority shareholding of up to 53.94% in REL and collectively exercise joint control over the company.