# Reliance and Sanmina complete electronics manufacturing joint venture deal

Reliance Strategic Business Ventures Limited (RSBVL), a subsidiary of Reliance Industries, and Sanmina Corporation completed a joint venture transaction for electronics manufacturing. RSBVL will hold 50.1% equity through an investment of up to Rs. 1,670 crore in Sanmina's Indian entity, which will be capitalized with over $200 million.

- Type: Acquisition
- Announced: 2022-10-04
- Where: Chennai, India
- Value: $210.0M (16.7B INR)
- Status: completed
- Products: electronics manufacturing, communications networking hardware, medical systems, industrial cleantech, defense and aerospace
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Sanmina Corporation](https://endata.com/companies/31833.md) (partner)
- [Reliance Strategic Business Ventures](https://endata.com/companies/64513.md) (acquirer)

## Sources

- [indianretailer.com](https://www.indianretailer.com/news/reliance-sanmina-completes-deal-to-set-up-electronics-manufacturing-joint-venture.n14378), 2022-10-04: "The joint venture will create a world-class electronic manufacturing hub in India."

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