Sembcorp Green Infra Raises USD15.7 Million in Rights Offering of Shares

Published: Aug 17 2017
Deal Summary

Sembcorp Green Infra Ltd., a renewable power generation company and a subsidiary of Sembcorp Industries, has completed the rights offering of shares for gross proceeds of SGD21.4 million (USD15.66 million).

The rights issue was subscribed to by Sembcorp Utilities Pte Ltd, a wholly owned subsidiary of Sembcorp Industries. Sembcorp Utilities financed the subscription through internal funds. Following the transaction, Sembcorp Utilities stake in Sembcorp Green Infra has increased to approximately 72%.

The company intends to use the proceeds to fund its growth in the renewable sector in India.

You can receive free Daily detailed “Deals Analysis Alerts” delivered directly to your
inbox – sign up below:

* Indicates Mandatory
*Phone Number:          
  captcha refresh
Enter Captcha Code:    

Send to friend

*Your EmailID:    
*Friend's EmailID:    
  captcha refresh
Enter Captcha Code: