Sembcorp Industries mulls ₹3,750 crore IPO for Indian green energy unit

Singapore-based Sembcorp Industries is meeting investors for a proposed initial public offering of its Indian renewable energy subsidiary, Sembcorp Green Infra, to raise up to ₹3,750 crore.

Backed by Temasek Holdings, the company plans to launch the IPO as early as December through a fresh issue of equity shares with no offer-for-sale component.

Proceeds from the offering will be utilized to repay specified borrowings of the company and its subsidiaries as its gross portfolio reaches 7.6 gigawatts.