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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

Published Mon, Feb 19, 2018 · 09:50 PM

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 transfers of shareholding interests in these busine…

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Companies & Markets

Companies & Markets

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

KEYWORDS IN THIS ARTICLE

Companies & Markets

Wilmar appoints former minister George Yeo as independent non-executive director

UOB Kay Hian says ‘disadvantageous’ to reveal details of key management’s remuneration

Deutsche Bank has cut dozens in Asia private banking overhaul

Middle East violence heightens market fears of rate hikes, inflation

Tokyo's Nikkei drops more than 1,000 points, most in 3 years

Cordlife calls for trading halt after shares sink to all-time low, pending announcement

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