Tata Group in talks to acquire Vivo's Indian subsidiary

According to MoneyControl, India's Tata Group is in in-depth negotiations with Vivo's Indian subsidiary, planning to acquire at least 51% of the latter's shares. Although the two sides have made important progress, they have not yet reached a final deal due to valuation issues. After the acquisition, Tata Group intends to dominate the joint venture's production and sales network to achieve localization.