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Vedanta and Foxconn (Hon Hai Technology Group) signed an MOU to form a joint venture to manufacture semiconductors in India, with Vedanta holding majority equity and Anil Agarwal as chairman.
“Vedanta will hold the majority of the equity in the JV, while Foxconn will be the minority shareholder.”fortuneindia.com
Summarized from public sources; check the original articles before acting on it.