Singapore, June 26 -- Taiwanese electronics manufacturer Foxconn Singapore Pte Ltd has acquired around 351.73 million additional shares in its Indian arm Foxconn Hon Hai Technology India Mega Development Private Limited, as per an exchange filing.

As the board of directors approved the transaction on June 25, Wednesday, the company acquired the shares at Rs 10 per share, amounting to a total investment of USD 37.2 million.

Following the transaction, Foxconn Singapore Pte Ltd. holds 23.18 billion shares in the India unit, accounting for a 99.99999996 per cent stake with a cumulative value of USD 2.82 billion.

Separately, Yuzhan Technology (India) Private Limited holds 10 shares valued at USD 1.5, representing a 0.00000004 per cent stake...