Sembcorp to list Indian firms via IPO in 2-3 years: Report - DealStreetAsia: "Singapore-based Sembcorp Industries, a major conglomerate with interests in energy, water and marine verticals, has invested $3.7 billion in India over the last five years and is looking for acquisitions in the thermal energy segment, even as it considers conducting an initial public offering (IPO) in India in the next two years.
In an interview with CNBC-TV18, Tang Kin Fei, Sembcorp’s group president and CEO, stated that d that the company plans an IPO for Sembcorp in India in the next two to three years. This is likely to be a consolidation of its power assets, given that Sembcorp currently has more than 2600 MW of coal fire power plants."
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