Contract manufacturer Pegatron is in advanced talks to sell a majority stake in its iPhone manufacturing unit near Chennai to Tata group, people aware of the matter told ET.
The deal is expected to be completed in the coming two to three months, or, (at the) latest, by the second quarter of the fiscal year,” said one of the persons.
“However, as of now, it’s unclear if this will be a Wistron-type buyout or a joint venture.” Both options are said to be on the table.