Rashi Peripherals Limited, a national distribution partner for global technology brands in India, has entered into a joint venture with Japanese electronics and technology company Restar Corporation. As part of the transaction, Rashi Peripherals will transfer its semiconductor business division into a wholly owned subsidiary headquartered in Bengaluru and step-down subsidiary headquartered in Singapore. Restar Corporation will subsequently acquire a 26% equity stake in the subsidiary, with the JV scheduled to officially commence operations in October 2026, Rashi Peripherals said in a press release. “This partnership marks a significant milestone in RP tech’s journey to expand and strengthen its semiconductor business,” Rajesh Goenka, Director & Chief Executive Officer - Rashi Peripherals Limited, said. “By combining Restar Corporation’s deep technology expertise, supplier relationships, and application know-how with RP tech’s unparalleled pan-India distribution network, customer reach, and execution excellence, we are creating a strong foundation for long-term growth.”