The consortium is led by Oman Investment Corporation S.A.O.C. (OIC), the Ministry of Defence Pension Fund, Oman (MODPF) and Dar Investment SPC (Dar Investment).
Analysts from CGS-CIMB Research, Citi Research, CLSA, DBS Group Research and UOB Kay Hian are positive on Sembcorp Industries’ decision to divest its power plant business in India.
Sembcorp, on Sept 5, announced that it is proposing to sell Sembcorp Energy India Ltd (SEIL) for the equivalent of $2.058 billion to Tanweer Consortium.
