Wistron, the Taiwan-based electronic manufacturer, announced Friday that its board had given approval to sell 100% of the indirect stake of Wistron InfoComm India to Tata Electronics Private Limited. The deal is tentatively valued at $125 million.

The group will manufacture the premium phones after it acquired Apple supplier Wistron’s factory in Karnataka, thereby becoming the first Indian company to make iPhones here.

Tata to become 1st Indian manufacturer of iphones, acquires subsidiary of Apple supplier Wistron comes via ChinaTechNews.com.