Foxconn Invests Rs 461 Crore in Bengaluru Unit
Taiwanese electronics manufacturing leader Foxconn has invested USD 55.29 million (around Rs 461 crore) in...
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Taiwanese electronics manufacturing leader Foxconn has invested USD 55.29 million (around Rs 461 crore) in...
Foxconn Singapore has acquired about 46,08,76,736 shares at Rs 10 each, amounting to around USD 55.29 million (Rs 460.87 crore), according to the filing.
In July, Foxconn had proposed to set up a Rs 8,800-crore supplementary plant to that of its unit at the Devanahalli Information Technology Investment Region in Karnataka. It has also bought 300 acres in the area.
Taiwanese electronics giant Foxconn has taken a significant step towards expanding its manufacturing activity in India.