Foxconn’s subsidiary Bharat FIH to pump Rs 400 crore in Indian arm Rising Stars

A subsidiary of Hon Hai Precision, commonly known as Foxconn, said its Indian entity Bharat FIH will make a capital injection of Rs 400 crore in wholly owned subsidiary Rising Stars Hi Tech as a “long-term investment” for working capital and general corporate purposes.

The investment is scheduled to be made this month, FIH Mobile said in a stock exchange filing, dated December 5, in Hong Kong.