Foxconn Singapore to raise India stake with new $37 million capital injection

26 Jun 2026, 07:55 by KalingaTV Bureau · KalingaTV

Chennai: Foxconn Singapore Pte Ltd has infused $37.2 million into its key Indian arm, Foxconn Hon Hai Technology India Mega Development Private Limited. The board of directors had approved the deal to acquire about 351.73 million common shares with a face value of ₹10 each on June 25, 2026, it said in a regulatory stock exchange filing. This internal cash injection functions as a strategic capital expansion funded entirely through private capital, rather than a secondary market acquisition from external stakeholders.

Following the completion of the deal, Foxconn Singapore’s ownership in the Indian arm has effectively risen to a near-absolute 99.9 percent stake, representing a total holding of 23.18 billion shares valued cumulatively at $2.82 billion.

The remaining microscopic fraction of the entity consisting of just 10 shares worth $1.50 is held by sister group firm Yuzhan Technology (India) Private Limited. The long-term capital infusion directly aligns with Foxconn’s ongoing manufacturing pivot away from China to establish alternative supply chains in South Asia.

As the world’s preeminent contract assembler of Apple iPhones, the Taiwanese manufacturer formally known as Hon Hai Precision Industry Co. has been aggressively scaling up its high-tech industrial assembly lines across the southern Indian states of Tamil Nadu, Karnataka, and Telangana to keep pace with soaring global hardware demand.

Beyond scaling standard smartphone assembly lines, the Taiwanese group is utilizing its growing Indian footprint to spearhead its highly ambitious “3+3+3” global diversification roadmap. The strategic framework aims to capture market share across three rapidly emerging industries: electric vehicles, digital healthcare, and robotics. This industrial push is tightly integrated with three foundational tech pillars artificial intelligence, semiconductors, and next-generation communications all orchestrated through Foxconn’s proprietary smart manufacturing and smart city platforms.

From a corporate balance sheet perspective, the multi-million-dollar transaction represents 3.55 percent of Hon Hai’s total asset base and accounts for 7.72 percent of the total equity attributable to the parent company’s shareholders.

The exchange filing confirmed that the deal was executed seamlessly with no external broker commissions, zero dissenting opinions from board members, and absolutely no structural changes to the company’s core operational business model or shareholding rights.

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