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Vivo shutters plans to offload majority stake to Tata on Apple roadblock

By Economic Times - 2 months ago
Vivo's ambitions to sell a 51% stake in its Indian operations to the Tata group were thwarted after objections from Apple, Tata's partner in iPhone manufacturing. This development puts a wrench in Vivo's strategy to 'Indianise' its operations amidst increased government scrutiny.

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