Foxconn subsidiary acquires shares in India unit for $37.2 million (opens original article in a new tab)

Foxconn subsidiary acquired shares in its India unit for $37.2 million as part of long-term investment strategy.

• Foxconn subsidiary acquired 351.73 million shares in India unit for $37.2 million
• The acquisition represents 3.55% of Hon Hai's total assets and 7.72% of equity attributable to owners of the parent
• Foxconn Singapore Pte Ltd. now holds 99.99999996% shareholding in India unit with a value of $2.82 billion