Tata Electronics Private Limited agreed to acquire Wistron Infocomm Manufacturing India Private Limited from Wistron Corporation (TWSE:3231) on October 27, 2023. The transaction price is tentatively estimated to be $125 million. The transaction was approved by the board of directors of Wistron on October 27, 2023. The Competition Commission of India (CCI) has approved Tata Electronics proposed acquisition of Taiwan-based Wistrons operations in India, including an iPhone assembly plant near Bengaluru. The Competition Commission of India (CCI) has granted approval for the Tata Electronics-Wistron deal.Chan Ting-Hsun of Lan-Jai CPAs Firm acted as the accountant to Wistron Corporation (TWSE:3231). Bharat Budholia and Varun Thakur of AZB & Partners acted as legal advisor to Wistron Infocomm Manufacturing (India) Pvt. Ltd and Wistron Corporation (TWSE:3231).
Tata Electronics Private Limited completed the acquisition of Wistron Infocomm Manufacturing India Private Limited from Wistron Corporation (TWSE:3231) on November 10, 2023. Roxanne Anderson and Gautam Ganjawala of AZB & Partners acted as legal advisor to Wistron Infocomm Manufacturing India Private Limited and Wistron Corporation.