Sembcorp Industries withdraws papers for India energy unit listing

Sembcorp Industries withdraws papers for India energy unit listing

Visual from company website

Singaporean industrial conglomerate Sembcorp Industries Ltd said it has withdrawn a draft prospectus for listing its Indian energy arm, as it was injecting new equity into the business, and intended to re-file the papers later this year.

Sembcorp plans to subscribe to additional shares in Sembcorp Energy India Ltd (SEIL) through its wholly-owned subsidiary SembcorpUtilities, and inject new equity to support the growth of its India renewable energy business, it said in a statement on Monday.

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