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Updated Jan 12, 2021 | 15:10 IST
Taiwan-based Foxconn, the leading assembler of Apple’s iPhone, is reportedly in initial talks to launch an IPO worth more than Rs 5,000 crore in India. iPhone maker Foxconn prepares for Rs 5,000 crore IPO in India: Report | Photo Credit: PTI
New Delhi: Foxconn the Taiwanese contract manufacturer and assembler of Apple iPhones among other brands is reportedly in preliminary discussions to float an initial public offer (IPO) worth over Rs 5,000 crore ($680 million) in India.
Taipei-headquartered Foxconn will launch the IPO once it consolidates some group entities in India, people familiar with the matter told
Mint.
Many market analysts are of the opinion that the planned IPO is a huge reflection of New Delhi’s seriousness in luring attracting tech behemoths to the country.
Foxconn s India arm plans IPO to raise Rs 5,000 crore
Taiwanese contract manufacturer, whose main listed arm is Hon Hai Precision Industry Co is keen on expanding in India since early 2019
BusinessToday.In | January 12, 2021 | Updated 14:33 IST
Foxconn Chairman Liu Young-way last month said it would ramp up its investment in India, at Foxconn s annual general meeting
The Indian arm of Apple assembler Foxconn Technology Group is gearing up to launch an initial public offer (IPO) worth Rs 5,000 crore.
The company will launch the IPO once it consolidates its group entities in India, reported Livemint on Tuesday.
Taiwanese contract manufacturer, whose main listed arm is Hon Hai Precision Industry Co is keen on expanding in India since early 2019.