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The company has made the investment through its Singapore-based subsidiary Foxconn Singapore Pte Limited.
Foxconn Singapore has acquired about 46,08,76,736 shares at Rs 10 each, amounting to around $55.29 million (Rs 460.87 crore), according to the filing.
Foxconn Precision Engineering was incorporated around six months ago.
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It has also bought 300 acres at Devanahalli.
According to the announcement made earlier by the Karnataka government, Foxconn is expected to create employment for about 50,000 people in the first phase at Devanahalli.