The acquisition will result in a joint venture, in which Tata will own 60% and Pegatron will have 40% interest.

Tata strengthens iPhone making operations with Pegatron deal Tata seals 60-40 JV with Pegatron for iPhone plant, sources say ...

Tata strengthens iPhone production with Pegatron deal, expanding Apple's supply chain beyond China into India.

This move strenthen Tata group’s position as a key player in Apple's supply chain, expanding from salt and steel production ...

The Chennai plant, which employs around 10,000 workers and manufactures over 5 million iPhones annually, will become Tata’s ...

Tata Electronics has reportedly agreed to acquire a majority stake in Pegatron’s only iPhone manufacturing plant in India.

Tata Electronics secures 60% stake in Pegatrons iPhone plant in Tamil Nadu, enhancing its role as an Apple supplier amid ...

As Apple diversifies its supply chain beyond China, India is set to produce up to 25 per cent of the iPhones shipped this ...

TEPL will hold 60 per cent in the joint venture and take care of the plant’s daily operations. Pegatron will hold the rest ...

According to the first source, the deal being sealed was made known at the iPhone plant internally on November 15 (Friday).