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Sembcorp holds off plans to list India energy arm in favour of new equity injection

PC Lee
PC Lee6/18/2019 08:06 AM GMT+08  • 2 min read
Sembcorp holds off plans to list India energy arm in favour of new equity injection
(June 18): Sembcorp Industries says its energy arm in India -- Sembcorp Energy India Limited (SEIL) -- is withdrawing a draft prospectus for listing.
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(June 18): Sembcorp Industries says its energy arm in India -- Sembcorp Energy India Limited (SEIL) -- is withdrawing a draft prospectus for listing.

“Under Indian regulatory requirements, this upcoming change to SEIL’s capital structure necessitates the withdrawal of the draft red herring prospectus (DRHP) earlier filed by SEIL with the Securities Exchange Board of India,” said Sembcorp in a Monday night filing.

However, Sembcorp says SEIL intends to re-file a revised DRHP at an appropriate time this year, taking into consideration market conditions, it added.

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