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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.
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.