Sembcorp’s Indian renewables unit files draft IPO papers
The initial public offering could raise as much as US$500 million
Sembcorp Industries' Indian renewables unit has filed draft prospectus papers for a potential IPO in Mumbai, with the share sale possibly raising up to US$500 million. The initial public offering could be Sembcorp Green Infra's second attempt to list publicly, following a previous filing in 2018 that was later withdrawn. The company has engaged several financial institutions to assist with the proposed share sale, and shares of Sembcorp rose 1.2% following the news.
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