The Competition Commission of India (CCI) has granted approval for the Tata Electronics-Wistron deal. This proposed combination involves the acquisition of 100 per cent equity share capital of Wistron Infocomm Manufacturing (India) Private Limited by Tata Electronics Private Limited. The equity shares will be acquired from SMS Infocomm (Singapore) Private Limited and Wistron Hong Kong Limited.
“The proposed combination relates to the acquisition of 100% of the Wistron Infocomm Manufacturing (India) Private Limited’s (Target) equity share capital from SMS Infocomm (Singapore) Private Limited and Wistron Hong Kong Limited by Tata Electronics Private Limited (Acquirer). The Acquirer is a greenfield venture of Tata Sons Private Limited. It manufactures smartphone enclosures (i.e. the frame of the phone on which other components/subassembles of a smartphone are assembled), a high precision component for smartphones,” said CCI.
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“The Target is an electrical and electronics manufacturing company engaged in electronic manufacturing services (i.e., contract manufacturing of electronics) for smartphones in India, at its plant in Karnataka. It was incorporated in 2017 by the Wistron group,” it further added.
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The Competition Commission of India (CCI) has granted approval for the Tata Electronics-Wistron deal. This proposed combination involves the acquisition of 100 per cent equity share capital of Wistron Infocomm Manufacturing (India) Private Limited by Tata Electronics Private Limited. The equity shares will be acquired from SMS Infocomm (Singapore) Private Limited and Wistron Hong Kong Limited.
“The proposed combination relates to the acquisition of 100% of the Wistron Infocomm Manufacturing (India) Private Limited’s (Target) equity share capital from SMS Infocomm (Singapore) Private Limited and Wistron Hong Kong Limited by Tata Electronics Private Limited (Acquirer). The Acquirer is a greenfield venture of Tata Sons Private Limited. It manufactures smartphone enclosures (i.e. the frame of the phone on which other components/subassembles of a smartphone are assembled), a high precision component for smartphones,” said CCI.
Elevate Your Tech Prowess with High-Value Skill Courses
| Offering College |
Course |
Website |
| Indian School of Business |
ISB Product Management |
Visit |
| IIM Kozhikode |
IIMK Advanced Data Science For Managers |
Visit |
| Indian School of Business |
ISB Professional Certificate in Product Management |
Visit |
“The Target is an electrical and electronics manufacturing company engaged in electronic manufacturing services (i.e., contract manufacturing of electronics) for smartphones in India, at its plant in Karnataka. It was incorporated in 2017 by the Wistron group,” it further added.
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Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox.
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