Sembcorp Industries Ltd is meeting investors for a proposed initial public offering of its Indian unit, Sembcorp Green Infra Ltd, that could raise as much as US$394 million ($504 million).
Sembcorp Green Infra filed draft papers in August for an IPO comprising a fresh issue of shares worth as much as 37.5 billion rupees (US$394 million or $500 million) and is awaiting regulatory approval.
Sembcorp is working with Axis Capital Ltd, Citigroup Inc, CLSA, HSBC Holdings plc, ICICI Securities Ltd, IIFL Capital Services Ltd and Kotak Mahindra Capital Co.
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