Foxconn plans India IPO to raise ₹5,000 crore: Report
The Indian arm of Apple supplier Foxconn is planning to float an initial public offer (IPO) worth ₹5,000 crore, a report said. The company will launch the IPO once it consolidates its group entities in India, the report added. In July, Reuters reported that Foxconn was considering investing around ₹7,500 crore to expand its facility at Sriperumbudur in Tamil Nadu.