Foxconn's India unit Bharat FIH files for Rs 5,000-cr IPO

Bharat FIH is an electronic manufacturing services provider in India and had a 15% market revenue share in financial year 2021, according to the prospectus.

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Reuters

1 min read Last Updated : Dec 22 2021 | 5:23 PM IST

Hong Kong-listed FIH Mobile Ltd's India unit Bharat FIH Ltd filed for an initial public offering of up to Rs 5,004 crore on Wednesday, according to its draft prospectus.

Shares of FIH Mobile, a unit of Apple Inc supplier Foxconn, surged 6.7% earlier in the day in Hong Kong after the company proposed the listing of Bharat FIH.

Bharat FIH's IPO will consist of a fresh issue of shares of up to Rs 2,502 crore and an offer for sale of shares up to Rs 2,502 crore by promoter group and Foxconn unit Wonderful Stars, the prospectus showed.

Bharat FIH is an electronic

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Topics : Foxconn initial public offering (IPO) Apple

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