# 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.

- Type: Acquisition
- Announced: 2022-10-04
- Where: Chennai, India
- Value: $400.0M (33.0B INR)
- Status: completed
- Products: electronics manufacturing, 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)
- [Reliance Strategic Business Ventures](https://endata.com/companies/64513.md) (investor)

## Sources

- [timesofindia.indiatimes.com](https://timesofindia.indiatimes.com/business/india-business/reliance-sanmina-complete-deal-to-set-up-electronics-manufacturing-joint-venture/articleshow/94636058.cms), 2022-10-04: "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"

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