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China's leading television manufacturer, TCL Electronics, is in early-stage discussions to divest a 51% stake in its display manufacturing plant in India.
TCL Electronics is seeking to sell a 51% stake in its Tirupati display plant for $600–800 million.
KEY POINTS
- The Tirupati facility is India's only open-cell factory with full-process LCD panel module assembly.
- TCL aims to bring on both a strategic Indian partner and a financial investor in the deal.
- The divestment is partly in response to Indian government pressure to localize electronic component manufacturing.
- Dixon Technologies' involvement is uncertain due to its existing joint venture with HKC Overseas in displays.
COMPANIES
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