Sembcorp Green Infra Files Drafts for IPO to Raise Rs 37.5 Billion
Sembcorp Green Infra, the renewable energy arm of Sembcorp Industries, has filed draft papers for an IPO in Mumbai to raise Rs 37.5 billion through a wholly fresh share sale. About Rs 30 billion of proceeds is planned for debt repayment, with no existing stake offered by the parent. The move follows an earlier 2018 filing that was withdrawn and appoints multiple book-running lead managers.