Sembcorp India Unit Files for 393M IPO
Sembcorp Green Infra has filed for an initial public offering in Mumbai to raise up to 393 million dollars. The proceeds will be used primarily to repay existing corporate debt as the clean energy sector grows.
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Sembcorp Green Infra has filed for an IPO in India to raise 37.5 billion rupees ($393M), marking its second listing attempt. The offering comes as the local clean energy sector rebounds following a muted start to the year. The capital injection targets a portion of the company's 125.23 billion rupees debt.
