Reliance, Sanmina sign deal to set up electronics manufacturing joint venture

Reliance Industries' subsidiary RSBVL and US-based Sanmina Corporation have completed the deal to set up an electronics manufacturing joint venture at a total enterprise valuation of about ₹3,300 crore. RSBVL will invest up to ₹1,670 crore in new shares in Sanmina's existing Indian entity. The day-to-day business will continue to be managed by Sanmina's management team in Chennai.