# CCI approves Reliance Strategic Business Ventures' acquisition of 50.1% stake in Sanmina SCI India

The Competition Commission of India approved the acquisition of a 50.1% stake in Sanmina SCI India by Reliance Strategic Business Ventures, a Reliance Industries subsidiary. RSBVL will invest ₹1,670 crore in the joint venture.

- Type: Acquisition
- Announced: 2022-08-02
- Where: India
- Value: $210.0M (16.7B INR)
- Status: announced
- Products: electronic manufacturing services, communications networking equipment, medical systems, industrial and cleantech hardware, defense and aerospace hardware
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Reliance Industries](https://endata.com/companies/1562.md) (investor)
- [Sanmina Corporation](https://endata.com/companies/31833.md) (partner)
- [Sanmina SCI India](https://endata.com/companies/61435.md) (target)
- [Reliance Strategic Business Ventures](https://endata.com/companies/64513.md) (acquirer)

## Sources

- [livemint.com](https://www.livemint.com/companies/news/cci-okays-acquisition-of-50-1-stake-in-sanmina-sci-india-by-rilarm-11659444714177.html), 2022-08-02: "The proposed combination envisages acquisition of 50.1% of the equity share capital of SCIPL by RSBVL."

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