Foxconn Singapore Invests $1.49 Billion in Indian Subsidiary

In a major boost for India’s tech sector, Foxconn Singapore Pte Ltd, a unit of Taiwan’s Hon Hai Precision Industry Co Ltd, has invested USD 1.49 billion (around ₹1.27 lakh crore) into its Indian subsidiary, Yuzhan Technology (India) Private Limited.

The massive capital infusion, revealed in a filing with the London Stock Exchange on Monday, was made by issuing 12.77 billion shares at ₹10 each. With this, Foxconn Singapore now owns nearly 100 percent of Yuzhan India, effectively making it a wholly owned subsidiary.

The share allotment took place between March 14 and May 19, as part of Foxconn’s long-term investment plans in India. As part of the restructuring, 9,999 shares were also acquired from another Foxconn group company, Foxconn Technology (India) Pvt Ltd.

No fresh cash changed hands for the capital increase, suggesting the deal was structured internally within the Foxconn group. The company’s board approved the transaction without any objections.

According to Foxconn’s latest financial report, the deal accounts for 23.34% of its total assets and 7.46% of its equity. The company also reported a negative working capital of NTD 252.42 billion, but maintained that the move aligns with its long-term strategic goals.

There are no restrictions or pledges on the shares, and no broker or transaction fees were involved.