Foxconn acquires 351.73 million shares in India arm investing USD 37.2 million; stake rises to 99.99%
Singapore [Taiwan], June 26 (ANI): Taiwanese electronics manufacturer Foxconn Singapore Pte Ltd has acquired around 351.73 million additional shares in its Indian arm Foxconn Hon Hai Technology India Mega Development Private Limited, as per an exchange filing. SouthAsians & Diaspora
As the board of directors approved the transaction on June 25, Wednesday, the company acquired the shares at Rs 10 per share, amounting to a total investment of USD 37.2 million.
