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Singaporean industrial conglomerate Sembcorp Industries Ltd said it has withdrawn a draft prospectus for listing its Indian energy arm, as it was injecting new equity into the business, and intended to re-file the papers later this year.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