Tata in talks to buy Apple vendor Wistron’s India facility for up to $613 million -report
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Tata Group is in talks to buy Wistron Corp's only manufacturing facility in India for up to 50 billion rupees ($612.6 million).
Tata Group is in talks to buy Wistron Corp's only manufacturing facility in India for up to 50 billion rupees ($612.6 million), the Economic Times business daily reported Wednesday, citing people familiar with the discussions. If it fails to strike a deal to buy the facility in the southern Indian state of Karnataka, Tata could consider a joint venture with Taiwan's Wistron – one of Apple Inc's top vendors in India – the report said, citing sources close to Tata. Tata Electronics, a unit of salt-to-software conglomerate Tata Group, already supplies components to Apple from its Hosur unit in Tamil Nadu, which neighbours Karnataka, according to the ...