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Sembcorp Industries 'sets stage for spin-off of India energy ops'

IPO could raise as much as US$500m to US$600m, say market watchers

Singapore

SEMBCORP Industries has set out to consolidate its thermal and renewable energy unit in India under a single entity, a move seen as laying the groundwork for the listed group to spin off its businesses there.

The listed group said before Monday's trading hours that three...

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