Tata Electronics to buy 60% stake in Apple supplier Pegatron’s iPhone plant in Tamil Nadu, says report
Tata Electronics is set to acquire a 60 per cent majority stake in Taiwanese contract manufacturer Pegatron’s iPhone plant in Tamil Nadu, forming a new joint venture (JV), Reuters reported citing two sources.
The move will strengthen Tata’s position as an Apple supplier in its India supply chain, the sources added.
