Sanmina Corporation Stock News

Reliance will hold a 50.1 per cent stake in the JV after the investment in Sanmina''s existing Indian entity through a Reliance unit.

Mukesh Ambani’s Reliance announced a partnership with Sanmina, a US-based electronics manufacturer. Reliance and Sanmina will set up a joint venture with $200

Reliance Industries said on Thursday it would invest $220.70 million to create a joint venture (JV) with US-listed Sanmina Corp for making electronic products in the country.

Reliance Strategic Business Ventures Ltd (RSBVL), a wholly-owned arm of Reliance Industries Ltd (RIL), and Sanmina Corp, a leading integrated manufacturing solutions company, have inked an agreement to create an electronics manufacturing joint venture. The JV has been formed through an investment in Sanmina’s existing Indian entity, Sanmina SCI India Pvt Ltd. “The joint venture will create a world-class electronic manufacturing hub in India, in line with the Prime Minister''s `Make in India’ vision,” the companies said in a joint statement Thursday.RSBVL will hold a 50.1% stake in the JV entity with Sanmina owning the remaining 49.9%. RSBVL will achieve this ownership primarily through an investment of upto Rs 1,670 crore in new shares in Sanmina’s existing Indian entity, while Sanmina will contribute its existing contract manufacturing business. As a result of the investment, the joint venture will be capitalized with over $200 million of cash to fund growth.“We are delighted to work with Sanmina to access the significant market opportunity for high-tech manufacturing in India.

Reliance Strategic Business Ventures (RSBVL), a wholly-owned subsidiary of Reliance Industries (RIL), announced a joint venture with Sanmina Corporation (Sanmina) for electronic manufacturing in India.

For creating a world-class electronic manufacturing hub in India

https://www.investing.com/news/stock-market-news/reliance-ties-up-with-sanmina-for-electronics-manufacturing-in-india-2776741

Reliance unit will invest 16.7 billion rupees ($220.86 million) in new shares of Sanmina''s existing Indian entity

Indian conglomerate Reliance Industries said on Thursday it would create a joint venture with U.S.-listed Sanmina Corp to manufacture electronics in the Asian country.

The stock price of Sanmina Corp (NASDAQ: SANM) increased by 5.84% in the most recent trading session. This is why it happened.

Pre-open movers U.S. stock futures traded slightly lower in early pre-market trade after the Dow Jones jumped by more than 400 points in the previous session. Apple Inc. (NASDAQ: AAPL) reported upbeat

Some of the stocks that may grab investor focus today are: Wall Street expects United Parcel Service, Inc. (NYSE: UPS) to report quarterly earnings at $3.10 per share on revenue of $27.06 billion b

Sanmina (SANM) shares jump 5% in postmarket trade after the firm reported Q1 earnings and revenue above Street consensus.Q1 non-GAAP EPS was $1.08, while revenue was flat Y/Y at

Sanmina press release (SANM): Q1 Non-GAAP EPS of $1.08 beats by $0.13.Revenue of $1.76B (flat Y/Y) beats by $110M.

Sanmina's (SANM) CEO Jure Sola on Q1 2022 Results - Earnings Call Transcript