Page 32 - Tata Electronics News Today

In Primeshots today: Mamaearths stock slip continues; Tata Electronics buys Wistron; US-India 2+2 dialogue.

Electronics giant Tata has completed its 100% equity stake in Wistron InfoComm Manufacturing (India), and will now become the first Indian manufacturer of iPhones.

The Tata Group has signed an agreement with SMS InfoComm (Singapore) and Wistron Hong Kong Limited to acquire full stake (100 per cent) equity stake in Wistron Infocomm Manufacturing (India), enabling the Tata Group to officially join the Apple supply chain as an iPhone assembler.

The Tata Group unveiled the plan to acquire Wistron India officially on October 27, announcing it would pay $125 million for 100% equity stake for the company’s assembly lines. ET reported on Thursday that the deal is worth a total $750 million inclusive of a $550-million inter-corporate loan given by the parent to Wistron India.

The deal between Tata Electronics and Wistron India was officially revealed in late October

Tata Electronics Private Limited (TEPL), a dynamic player under the esteemed Tata Group, has recently marked a significant milestone.

The deal is valued at $750 million. Tata Group finally completed the acquisition of Wistron's division that assembles iPhones in India. The agreement...

Tata Electronics has completed the acquisition of Wistron InfoComm Manufacturing India, the company that assembles Apple's iPhones in India. - SamMobile

The Tata group has completed the acquisition of Taiwans Wistrons manufacturing facility in Karnataka. Taiwans Wistron joined native rival Foxconn in 2018 to start assembling iPhones in India, with a third Taiwanese manufacturer Pegatron joining in 2022.

Apple to Manufacture iPhone 17 out of China in India