Tata Electronics get CCI approval for majority stake in Pegatron India
CCI approves acquisition of majority stake of Pegatron India by Tata Electronics. Pegatron India is a subsidiary of Pegatron Corporation, and it provides contract manufacturing services, including manufacture of smartphones like Apple. After the proposed acquisition, a wholly owned subsidiary of Tata Electronics namely TEL Components Pvt. Ltd. would transfer its business undertaking to Pegatron India.