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The Competition Commission of India approved Tata Electronics Private Limited's 100% acquisition of Wistron Infocomm Manufacturing (India) Private Limited, a smartphone contract manufacturer in Karnataka.
Tata Electronics Private Limited signed a Share Purchase Agreement to acquire a 100% equity stake in Wistron InfoComm Manufacturing (India) Private Limited, making Tata Group the first Indian company to manufacture Apple iPhones. The deal was announced on October 27, 2023.