The Competition Commission of India (CCI) has approved 100% acquisition of Wistron Infocomm Manufacturing (India) Private Limited by Tata Electronics Private Limited.
The proposed combination relates to the acquisition of 100% of the Wistron Infocomm Manufacturing (India) Private Limited’s (Target) equity share capital from SMS Infocomm (Singapore) Private Limited and Wistron Hong Kong Limited by Tata Electronics Private Limited (Acquirer).
The Acquirer is a greenfield venture of Tata Sons Private Limited. It manufactures smartphone enclosures (i.e. the frame of the phone on which other components/sub-assembles of a smartphone are assembled), a high precision component for smartphones.
The Target is an electrical and electronics manufacturing company engaged in electronic manufacturing services (i.e., contract manufacturing of electronics) for smartphones in India, at its plant in Karnataka. It was incorporated in 2017 by the Wistron group.
