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Foxconn infuses Rs 1,200 crore in Karnataka unit
Electronics manufacturing giant Foxconn has infused about Rs 1,200 crore -- approximately $144 million -- into its Karnataka-based Foxconn Hon Hai Technology India Mega Development Pvt Ltd, the company said in a recent regulatory filing. The iPhone contract manufacturer's Singapore-based arm Foxconn Singapore Pte has bought over 120.35 crore stocks of Foxconn Hon Hai Technology India Mega Development Pvt Ltd at Rs 10 per share on August 21.