AI Compendia to serve as Guidebooks for Global South: Govt (See 'Corp Brief') Supreme Court Clears Path For Single Insolvency Proceedings Against Linked Group Companies (See CORP EINSICHT) AI is meant to augment, Not replace Clinicians: MoS (See 'Corp Brief') IBC - In real estate projects, single insolvency petition is maintainable against more than one corporate entity if they are intrinsically connected in execution and marketing of project: SC (See 'Legal Desk') Chouhan launches artificial intelligence-based scheme 'Bharat VISTAAR' Phase 1 in Rajasthan (See 'Corp Brief') PMLA - If Enforcement Directorate establishes connection between alleged predicate offences and accumulation or layering of assets, Adjudicating Authority's confirmation of provisional attachment may be upheld: SAFEMA (See 'Legal Desk') NHAI to develop First of its Kind 'Bee Corridors' along National Highways (See 'Corp Brief') AI to power India's global knowledge leadership, key to Viksit Bharat 2047: Pradhan (See 'Corp Brief') PMLA - If under-construction property was purchased using funds routed through shell entities, and neither shares are allotted nor executed any loan agreement, such transaction was benami transaction: SAFEMA (See 'Legal Desk') AI and Data Centres are one of Defining Energy Challenges of Our Time (See 'Corp Brief') Robust and High-Quality Data key to Advanced AI Deployment in Banking and Finance (See 'Corp Brief') SEBI - Noticee is prohibited from taking up any new clients as stock broker: SEBI (See 'Legal Desk') India AI Impact Summit 2026 showcases Women-led AI for Public Good (See 'Corp Brief') Domestic industry must stay ahead in technology race to achieve Viksit Bharat goal: RM (See 'Corp Brief') IBC - Spectrum allocated to Telecom Service Providers cannot be subjected to proceedings under Insolvency and Bankruptcy Code: SC (See 'Legal Desk') India's Health System has evolved into Nationally Interoperable Digital Ecosystem (See 'Corp Brief') Misc - Delay in filing appeal u/s 74 of Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 can be condoned u/s 5 of Limitation Act: SC (See 'Legal Desk') Tele-Robotics to add new dimension to healthcare with value addition through AI: MoS (See 'Corp Brief') A&C - Section 29A does not impose any statutory bar on courts extending mandate after arbitral award has been delivered: SC (See 'Legal Desk') RailTel successfully curates AI Healthcare Panel Discussions (See 'Corp Brief') A&C - Parties cannot be compelled to arbitrate when very existence of contract containing arbitration clause was alleged to be fake: SC (See 'Legal Desk') Nadda to launch two Landmark Initiatives at India AI Summit (See 'Corp Brief') NI Act - Person who is in charge of affairs of conduct of company is vicariously liable for offence u/s 138 of NI Act when cheque issued by company gets dishonoured: SC (See 'Legal Desk') CAQM issues Action Plans for elimination of Wheat Stubble Burning in 2026 (See 'Corp Brief') A&C - Court exercising appellate jurisdiction u/s 37 cannot substitute its own assessment of compensation once Sec 34 court has fixed reasonable award within terms of contract: SC (See 'Legal Desk') Consortium-Driven Innovation Model pioneered by IIT Madras enables immediate Commercialisation: MoS (See 'Corp Brief') NBA supports Conservation of Biological Resources (See 'Corp Brief') Cabinet approves Widening of National Highway-167 from Gudebellur to Mahabubnagar (See 'Corp Brief') Innovation and evidence are two pillars that will shape the next era of Unani medicine: MoS (See 'Corp Brief') A&C - Different interpretation of contract by in itself is no ground to interfere with arbitral award: SC (See 'Legal Desk') Cabinet approves upgradation of Dhamasiya-Bitada Sections of NH-56 to 4-Lane Standard (See 'Corp Brief') Govt launches 'PM RAHAT' - Cashless Treatment of Road Accident Victims (See 'Corp Brief') India achieves faster decline in under-5 Mortality Rate: Nadda (See 'Corp Brief') A&C - Non-issuance of a Sec 21 notice by one party is not fatal to raising claims before arbitral tribunal if disputes are otherwise covered by broadly worded arbitration clause: SC (See 'Legal Desk') Cabinet infuses Rs 10000 Crores for startups engaged in deep-tech, innovative manufacturing (See 'Corp Brief') Trade Marks - non-use of a mark filed on proposed-to-be-used basis is irrelevant for assessing registrability of the mark: HC (See 'Legal Desk') Minister proposes exploring solutions such as National Housing Exchange (See 'Corp Brief') IBC/RTI - appellant cannot seek disclosure of internal notings & replies under RTI Act when same issue has already been disposed of earlier: IBBI (See 'Legal Desk') In 2 yrs, India AI Mission has set up Foundation for Development of AI Ecosystem (See 'Corp Brief') A&C - Applications for extending arbitral tribunal's mandate u/s 29A(4) must be filed exclusively before principal civil court of original jurisdiction: SC (See 'Legal Desk') Govt approves wheat exports and allows additional wheat and sugar exports (See 'Corp Brief') A&C - Arbitral proceedings are set to commence on date of receipt of notice invoking arbitration clause: SC (See 'Legal Desk') Centre for Trade organises International Moot Court under WTO Chairs Program (See 'Corp Brief') A&C - Under pre-2015 amendment regime, once party consents to court order appointing arbitrator, they cannot subsequently challenge existence or validity of arbitration clause before arbitral tribunal: SC (See 'Legal Desk') The Securities Markets Code, 2025: Strengthened Enforcement, Weakened Accountability? (See 'CORP EINSICHT')

Print

CCI approves acquisition of equity in Pegatron Technology by Tata Electronics

Published: Jan 08, 2025

By TIOLCorplaws News Service

NEW DELHI, JAN 08, 2025: COMPETITION Commission of India has approved the acquisition of certain shareholding of Pegatron Technology India Pvt. Ltd. (Pegatron India) by Tata Electronics Pvt. Ltd. (TEPL) and the transfer of TEL Components Pvt. Ltd.(TEL)'s business undertaking to Pegatron India

The Proposed Combination involves the following steps:

a. TEPL proposes to acquire the majority shareholding of Pegatron India in 2 tranches,

b. A wholly owned subsidiary of TEPL (i.e., TEL) proposes to transfer its business undertaking to Pegatron India.

TEPL is a wholly owned subsidiary of Tata Sons Private Limited with expertise in manufacturing high-precision components for large customers. It manufactures smartphone enclosures (i.e., the frame of the phone on which other components/sub-assembles of a smartphone are assembled) for smartphones. TEPL, through its wholly owned subsidiary Tata Electronics Systems Solutions (formerly known as Wistron Infocomm Manufacturing (India) Private Limited), is also engaged in the provision of electronics manufacturing services (EMS) for smartphones.

Further, TEPL, through its wholly owned subsidiary TEL, is setting up a greenfield facility to provide EMS for smartphones.

Pegatron India is a subsidiary of Pegatron Corporation. Pegatron India is engaged in the provision of EMS services for smartphones for a global smartphone brand and exports its products to countries in North America, Asia and Europe in addition to selling in India to the smartphone brand.

TIOL CORP SEARCH

TIOL GROUP WEBSITES

taxindiaonline
taxindiainternational
tioltube
TKF
TIOLawards
A TIOL Website. Copyright © 2025 TIOLcorplaws.com All rights reserved.