The fundraising will involve the issuance of shares, securities, or other permissible modes, subject to shareholders’ approval through a postal ballot.
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Baron Capital made its investment in Swiggy in January of the previous year, acquiring 11,578 shares of the foodtech platform for $76.8 million.
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The investment in Telangana is seen as a part of this larger plan by Foxconn to expand its operations in India and capitalize on the country’s growing demand for electronics.
Article by Anurag Bansal (Managing Director at 13D Research & Strategy)
The establishment of the family office indicates the promoters’ intent to diversify their investment portfolio and venture into new-age industries.
This investment news caused shares of the budget airline to surge by as much as 4.8%.
The CCI has asked Google to provide information on the provisions associated with its in-app payment system before and after the introduction of the UCB system, as well as the policies governing the sharing of user and app developer data.
SoftBank’s portfolio of publicly traded holdings in India includes Paytm’s parent company, One 97 Communications, Delhivery, PolicyBazaar’s parent company PB Fintech, and Zomato.
Liu emphasized that India’s labor cost gives it an upper hand, and many manufacturers are investing in the country.
