Reliance Strategic Business Ventures

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.

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.

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.