Foxconn's India unit Bharat FIH files for Rs 5000 crore IPO
Hong Kong-listed FIH Mobile Ltd`s India unit Bharat FIH Ltd filed for an initial public offering of up to 50.04 billion rupees ($662.97 million) 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. Pic: Reuters