The Competition Commission of India (CCI) has approved acquisition of 50.1% of the equity share capital of Sanmina-SCI India (SCIPL) by Reliance Strategic Business Ventures (RSBVL), a subsidiary of Reliance Industries. The proposed combination envisages acquisition of 50.1% of the equity share capital of SCIPL by RSBVL.
RSBVL’s principal activities are trading of goods, holding strategic investment interests in businesses and providing business support services.
Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.
