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Apple Vendor Foxconn Invests $1.48 Billion in India via Singapore Arm
The New Indian Express Kochi
|May 20, 2025
APPLE vendor Foxconn has invested $1.48 billion (about ₹12,800 crore) in its India facility in the last five days, the company said in a regulatory note on Monday.
The Taiwan-based company has made an investment in its Tamil Nadu unit, Yuzhan Technology (India) Private Limited, through its Singapore-based subsidiary.
Foxconn Singapore Pte has acquired 9,999 shares at ₹10 per share at a premium of Yuzhan Technology, taking the total transaction value to $1.489 billion. The investment comes at a time when Apple is planning to enhance production of iPhones in India.
यह कहानी The New Indian Express Kochi के May 20, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
क्या आप पहले से ही ग्राहक हैं? साइन इन करें
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