Subsidiary obtaining Shares

Summary by AI BETAClose X

Hon Hai Precision Industry Co Ltd, through its subsidiary Foxconn Singapore Pte Ltd, has acquired shares in Yuzhan Technology (India) Private Limited for a total monetary amount of approximately INR 127,735,453,990. This transaction includes a share acquisition of 9,999 shares for INR 99,990, a capital increase of 10,873,535,400 shares for INR 108,735,354,000, and a debt-to-equity conversion of 1,900,000,000 shares for INR 19,000,000,000, all at a price of INR 10 per share. This long-term investment represents 4.75% of total assets and 10.34% of owners' equity.

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