💨 Abstract
The Competition Commission of India has approved Tata Electronics' proposal to acquire a majority stake in Apple's contract manufacturer Pegatron Technology India. Tata Electronics, a subsidiary of Tata Sons, will acquire Pegatron India's majority shareholding in two tranches and transfer Tata Electronics' subsidiary TEL Components' business undertaking to Pegatron India.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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