<ul><li>Tata Electronics has received approval from the Competition Commission of India (CCI) to acquire a majority stake in Pegatron India.</li><li>The acquisition will take place in two tranches, and Tata Electronics will transfer the business undertaking of TEL Components to Pegatron India.</li><li>Pegatron India, a subsidiary of Taiwan's Pegatron Corporation, operates a factory in Chennai and manufactures smartphones for domestic and export markets.</li><li>This acquisition expands Tata's presence in Apple's manufacturing ecosystem in India and is expected to create more jobs and contribute to India's economic growth.</li></ul>

Tata Electronics Gets CCI Nod To Acquire Majority Stake In Pegatron India

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