Foxconn Singapore Pte Ltd, a subsidiary of Taiwanese electronics manufacturer Hon Hai Precision Industry, has acquired approximately 351.73 million additional shares in its Indian arm, Foxconn Hon Hai Technology India Mega Development Private Limited, according to an exchange filing dated June 25, 2025. The transaction, approved by the board of directors on Wednesday, was executed at a price of Rs 10 per share, amounting to a total investment of USD 37.2 million.
Post-transaction ownership structure
Following the acquisition, Foxconn Singapore Pte Ltd now holds 23.18 billion shares in the India unit, representing a 99.99999996% stake with a cumulative value of USD 2.82 billion. Separately, Yuzhan Technology (India) Private Limited holds 10 shares valued at USD 1.5, accounting for a 0.00000004% stake in the entity. The exchange filing confirmed that there are no restrictions on the rights attached to the shares.
Funding and financial details
The acquisition was funded through private capital and is designated as a long-term investment. No broker fees were involved in the transaction. The filing clarified that this represents a capital increase in the subsidiary rather than a purchase from external parties. The securities investment accounts for 3.55% of Hon Hai's total assets and 7.72% of equity attributable to owners of the parent, based on the latest financial statements. Hon Hai reported operating capital of NTD -317.91 billion (approximately USD 9.9 billion).
Business model and expansion strategy
The transaction does not involve any change in the company's business model, and no dissenting opinions were raised by directors. The agreement includes no restrictive covenants or significant contractual conditions, and the shares held are not subject to any encumbrances such as pledges or other restrictions. Foxconn has been expanding its business in India, driven by demand from Apple and its '3+3+3 strategy', which aims to integrate three emerging industries, three core technologies, and three smart platforms.
