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

The plant, which has around 10,000 employees and makes 5 million iPhones annually, will be Tata's third iPhone factory in India.

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

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