The Proposed Combination involves the acquisition of up to 56% shareholding of the Target.
The Acquirer (through various subsidiaries and joint ventures in India) is involved in the business of providing EMS. Acquirer’s product line includes EMS for communication devices like mobile phones as well as other communication devices such as laptops, tablets. In addition to communication devices, the Acquirer also provides EMS for lighting solutions, television, washing machines, security systems, wearables and hearables etc.
The Target is the Indian subsidiary of Ismartu In Pte. Limited. The Target is involved in the business of providing EMS, in relation to the manufacturing mobile phones, Printed Circuit Board Assembly, LCD Module display and other ancillary services for mobile phones. The Target is engaged in production, assembly, testing, procurement, failure analysis, etc. in relation to its business.
Detailed order of the Commission will follow.
Picture Source :
