SINGAPORE (March 16): Sembcorp Industries has raised its stake in its India renewable energy business to fund its growth in the sector.

The power and water company says wholly-owned subsidiary Sembcorp Utilities has subscribed to the entire rights issuance by Sembcorp Green Infra.

This included the 31.3% share of the rights issuance that was not subscribed by its partner IDFC Private Equity Fund III.

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