iPhone Maker Foxconn Infuses INR 461 Cr In Bengaluru Unit

iPhone Maker Foxconn Infuses INR 461 Cr In Bengaluru Unit

SUMMARY

This investment was facilitated through Foxconn's Singapore-based subsidiary, Foxconn Singapore Pte Limited

Foxconn Singapore acquired approximately 46,08,76,736 shares at INR 10 each, totalling around $55.29 Mn (INR 460.87 Cr)

As part of its expansion plans in India, Foxconn aims to double its employment and business size across the country in one year

Taiwanese electronics manufacturing services major Foxconn has injected $55.29 Mn (around INR 461 Cr) into its India’s Bengaluru unit Foxconn Precision Engineering Private Limited, as per a regulatory filing.

This investment was facilitated through Foxconn’s Singapore-based subsidiary, Foxconn Singapore Pte Limited. 

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