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of <h1>Tata Electronics Gains Competition Commission Approval for Pegatron India Acquisition and Business Transfer from TEL Components.</h1> The Competition Commission of India has approved Tata Electronics Pvt. Ltd.'s (TEPL) acquisition of a majority shareholding in Pegatron Technology India Pvt. Ltd. and the transfer of TEL Components Pvt. Ltd.'s business to Pegatron India. This involves TEPL acquiring Pegatron India shares in two phases and TEL transferring its business to Pegatron India. TEPL, a Tata Sons subsidiary, specializes in manufacturing smartphone components and electronics manufacturing services. Pegatron India, part of Pegatron Corporation, provides electronics manufacturing services for a global smartphone brand, exporting to North America, Asia, and Europe. Further details will be provided in a detailed order.
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