Tata Electronics buys Chinese iPhone supplier for $100m: sources
Tata Electronics has acquired the India unit of Chinese industrial firmJustech Precision for nearly US$100 million, according to sources cited by CNBC.
The deal, finalized in August, was advised by HSBC Bank and HDFC Bank.
Justech Precision, based in Kunshan, China, supplies equipment to Apple and its main assembler Foxconn.
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