Reliance and Sanmina complete electronics manufacturing joint venture in India

Reliance Strategic Business Ventures Limited (RSBVL), a subsidiary of Reliance Industries, and US-based Sanmina Corporation have completed a joint venture transaction. RSBVL will hold a 50.1% stake through an investment of up to Rs 1,670 crore in Sanmina's existing Indian entity, with a total enterprise valuation of about Rs 3,300 crore.

“Sanmina Corporation, a leading integrated manufacturing solutions company and Reliance Strategic Business Ventures Limited (RSBVL), a wholly-owned subsidiary of Reliance Industries Limited (RIL), India's largest private sector company, today announced they have completed the previously announced joi”timesofindia.indiatimes.com

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• timesofindia.indiatimes.comSanmina Reliance Deal: Reliance, Sanmina complete deal to set up electronics manufacturing joint venture | India Business News - Times of IndiaPTIOct 4, 2022

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