Mumbai, 11/7: Vedanta fell over 2 per cent on Tuesday, a day after Taiwan’s Foxconn said it withdrew from a $19.5 billion semiconductor joint venture with the metals-to-oil conglomerate.
The companies partnered last year to set up semiconductor and display production plants in Gujarat. Concerns about incentive approval delays by India’s government had contributed to Foxconn’s decision to pull out of the venture, a source familiar with the matter told Reuters on Monday.