M&A

M&A

Tata Group to acquire Wistron's iPhone manufacturing unit In India for $125-M

Hindustan Times  

Tata Electronics Private Limited (TEPL) is to acquire a 100% stake in Wistron InfoComm Manufacturing (India) Private Limited, the iPhone manufacturing unit of the Taiwanese firm Wistron Corp, for USD 125 million. As part of this deal, Tata will acquire the Kolar, Karnataka plant of Wistron which makes iPhones.