Foxconn announced that its subsidiary Wonderful Stars will acquire Rising Stars Mobile India for NT$2.96 billion (US$99.9 million; US$1=NT$29.6) to expand the presence of its own-brand InFocus phones in the Indian market, the Economic Daily News reported on January 5. Rising Stars will raise its capital to US$204.5 million, with the 99.95% stake to be owned by Wonderful Stars while the remaining 0.05% stake own by Aptech Electronics, another 100% owned subsidiary of Foxconn which is registered in Singapore. Rising Stars is dedicated to the manufacturing of mobile phones, communication deviceFoxconn announced that its subsidiary Wonderful Stars will acquire Rising Stars Mobile India for NT$2.96 billion (US$99.9 million; US$1=NT$29.6) to expand the presence of its own-brand InFocus phones in the Indian market, the Economic Daily News reported on January 5. Rising Stars will raise its capital to US$204.5 million, with the 99.95% stake owned by Wonderful Stars while the remaining 0.05% stake own by Aptech Electronics, another 100% owned subsidiary of Foxconn which is registered in Singapore. Rising Stars is dedicated to the manufacturing of mobile phones, communication devices, and electronic products in India, as well as the corresponding software, programs, and patents.s, and electronic products in India, as well as the corresponding software, programs, and patents.