Sembcorp India IPO Could Lift Parent Valuation by Up to 10%
Sembcorp Industries’ planned IPO of its Indian renewable energy unit could drive a valuation rerating of the Singapore-listed parent, with analysts pointing to potential 5% to 10% upside. SGI is seeking to raise up to 37.5 billion rupees, with about 80% of proceeds used to pay debt, and analysts see MSCI index deletion selling pressure as a buying opportunity.