Sembcorp Industries planning IPO for India unit to raise $500-600 million2 min read . Updated: 18 Jan 2018, 08:45 AM IST
Sembcorp India is expected to file its draft IPO papers with Sebi in February, Credit Suisse and Axis Bank are lead investment banks for the share sale
Mumbai: Singapore-based utility group Sembcorp Industries is gearing up to file for an initial public offering (IPO) of its Indian arm which could see the company raise around $500-600 million (about Rs3,200-3,800 crore), two people aware of the development said.
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