Sembcorp acquiring remaining 28% of India energy unit to become sole owner

Singapore

SEMBCORP Industries has entered into a deal to acquire the remaining stake of about 28 per cent in Sembcorp Green Infra (SGI) for 14.1 billion rupees (S$301 million), giving it full control of the renewable energy unit in India.

This comes two weeks after Semcorp, also through wholly owned subsidiary Sembcorp Utilities, raised its stake in SGI to about 72 per cent.