The investment raises Sembcorp’s effective stake in its India energy arm, Sembcorp Energy India Limited (SEIL), to 94.05% from 93.73%.
(July 10): Sembcorp Industries has pumped in more funds to support the growth of its India renewable energy business.
This was done through the subscription of 275 million shares in Sembcorp Energy India Limited (SEIL), for a total of INR516.9 crores ($101.6 million) by Sembcorp Utilities (SCU) wholly-owned subsidiary of SembMarine.
