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Apple Vendor Foxconn Invests $1.48 Billion in India via Singapore Arm
The New Indian Express Bhubaneswar
|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.
Bu hikaye The New Indian Express Bhubaneswar dergisinin May 20, 2025 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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