Foxconn Singapore unit acquires 1.2 billion shares of India subsidiary to aid expansion

It is being viewed as a move to boost the capital of the Indian subsidiary. The Singapore entity has basically subscribed to or purchased more shares in the Indian company, thus pumping in more cash into the Indian subsidiary. Foxconn also made larger investments of a similar kind on the same day in the US, Mexico and Europe as well. India seems to be part of that push.

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