Thursday, April 18

Tag: Wistron

Tata Group likely to takeover of iPhone maker plant Wistron
News

Tata Group likely to takeover of iPhone maker plant Wistron

Bengaluru, 11th Jan 2023- Tata Group succeeding with its bid to take over an iPhone assembly plant in Bengaluru, India. That would give a boost to the country’s ambitions to become an electronics manufacturing hub. The $128 billion Tata Group has been in talks for months with Apple Inc.’s Taiwanese supplier Wistron Corp. and is looking to seal the purchase of its assembly factory near Bangalore by the end of March. The salt-to-airline conglomerate has been expanding its presence in technology, and India’s government has taken steps to challenge China’s dominance in electronics. As per the discussions, Tata Group is likely to oversee the main manufacturing operation, with support from Wistron. It may be noted that neither Tata Group or Wistron Corp has given any public statements reg...
Apple’s Taiwanese supplier Wistron Plans Capital Infusion
BUSINESS

Apple’s Taiwanese supplier Wistron Plans Capital Infusion

Apple’s Taiwanese supplier Wistron Infocomm Manufacturing India is planning capital infusion and has increased the authorized share capital of the company from Rs 185 crore to Rs 3,000 crore that signals a fresh round of capital infusion into its India unit. Wistron India, at its EGM recently, approved the altered capital clause wherein the authorized share capital of Rs 3,000 crore is divided in 300-crore equity shares with face value of Rs 10, showed a recent Registrar of Companies (RoC) filing.  Wistron’s wholly-owned subsidiary SMS Infocomm Singapore has been allocated 10.3 crore shares worth Rs 102.9 crore. An email sent to Wistron on the enhanced authorized share capital didn’t elicit a response. Wistron India, the original equipment manufacturer (OEM) and origina...