# Reliance Industries acquires 50.1% stake in Sanmina SCI India for Rs 1,670 crore

Reliance Industries agreed to acquire a 50.1% stake in Sanmina SCI India for Rs 1,670 crore ($221 million), strengthening its electronics manufacturing capabilities, with the deal expected to close by September 2022.

- Type: Acquisition
- Announced: 2022-03-04
- Where: Chennai, Tamil Nadu, India
- Value: $221.0M (16.7B INR)
- Status: announced
- Products: hardware for 5G communications, cloud infrastructure, medical systems, defense, aerospace, clean technology
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Reliance Industries](https://endata.com/companies/1562.md) (acquirer)
- [Sanmina Corporation](https://endata.com/companies/31833.md) (partner)
- [Sanmina SCI India](https://endata.com/companies/61435.md) (target)

## Sources

- [timesofindia.indiatimes.com](https://timesofindia.indiatimes.com/business/india-business/reliance-buys-majority-in-electronics-co/articleshow/89978522.cms), 2022-03-03: "Reliance Industries, India’s largest company in terms of market value, has agreed to acquire 50.1% in Sanmina SCI India for Rs 1,670 crore ($221 million), strengthening its play in electronics manufacturing."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.