Tata invests ₹1,500 crore more to charge up iPhone biz
Kolkata: The Tata Group is stepping up investments in its Apple iPhone contract manufacturing business with fresh equity infusion of ₹1,500 crore into Tata Electronics, underscoring its aggressive scale-up plans in electronics.
Tata Sons has also more than doubled the authorised share capital of Tata Electronics Products and Solutions by ₹3,500 crore to ₹6,250 crore, signalling further capital infusion into the Pegatron Technology India unit in which it acquired a controlling 60% stake last year.
