Foxconn infuses Rs 351 crore into India arm
New Delhi: Electronics manufacturing giant Foxconn has infused USD 37.2 million, or around Rs 351 crore, in its India arm Foxconn Hon Hai Technology India Mega Development Private Limited, said a regulatory filing.
Foxconn has infused the fund through its Singapore-based subsidiary.
With the latest transaction, Foxconn Singapore’s cumulative stake in the Chennai-based subsidiary has increased to 99.99 per cent at a valuation of USD 2.82 billion or about Rs 26,600 crore.
”Subsidiary, Foxconn Singapore Pte Ltd, obtaining Foxconn Hon Hai Technology India Mega Development Private Limited Shares…total transaction amount: USD 37.2 million,” the filing dated June 25 said.
