Foxconn infuses Rs 351 crore into India arm

New Delhi: Electronics manufacturing giant Foxconn has infused USD 37.2 million, or around Rs 351 crore, in its India arm Foxconn Hon Hai Technology India Mega Development Private Limited, said a regulatory filing. Foxconn has infused the fund through its Singapore-based subsidiary. With the latest transaction, Foxconn Singapore’s cumulative stake in the Chennai-based subsidiary has increased to 99.99 per cent at a valuation of USD 2.82 billion or about Rs 26,600 crore. ​”Subsidiary, Foxconn Sin