Sembcorp to rejig India energy operations into single entity

Date posted: Tuesday 20 February 2018

Singapore-based Sembcorp Industries would reorganize its India energy operations into a single entity, citing a more streamlined shareholding structure and greater synergy. The industrial conglomerate said its thermal and renewable energy businesses would be consolidated under Sembcorp Energy India Ltd, in which it would hold an effective stake of 93.7%. Its partner Gayatri Energy Ventures will own the rest.

(DealStreet Asia)