Global electronics maker Foxconn infuses Rs 1,200 crore in Karnataka unit

Electronics manufacturing giant Foxconn has infused about Rs 1,200 crore — approximately USD 144 million — into its Karnataka-based Foxconn Hon Hai Technology India Mega Development Pvt Ltd, the company said in a recent regulatory filing.

The iPhone contract manufacturer’s Singapore-based arm Foxconn Singapore Pte has bought over 120.35 crore stocks of Foxconn Hon Hai Technology India Mega Development Pvt Ltd at Rs 10 per share on August 21.