💨 Abstract

Tata Electronics has acquired a 60% stake in Pegatron's India unit that operates an iPhone plant, increasing its presence as an Apple supplier in India. The deal, for Apple's Chennai iPhone plant, was approved by India's competition regulator. This acquisition expands Tata's presence in southern India, where it already has two plants, following its takeover of a plant from Taiwan's Wistron last year.

Courtesy: theprint.in

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