technology

Foxconns India arm & Xiaomi phone maker Bharat FIH files for Rs.5,000-crore IPO

Foxconns India arm & Xiaomi phone maker Bharat FIH files for Rs.5,000-crore IPO

Bharat FIH, the India unit of Foxconn and Hong Kong-listed FIH Mobile, has filed draft papers for an IPO to raise over Rs.5,000 crore. The IPO comprises fresh issue of up to Rs.2,502 crore and an offer for sale of up to Rs.2,502 crore. Electronic manufacturing services provider Bharat FIH manufactures and assembles Xiaomi mobile phones in India..

technology 2021-12-22 Inshorts