SEMBCORP Industries has injected 516.9 crore rupees in equity to raise its stake in its India energy arm Sembcorp Energy India Limited to 94.05 per cent from 93.73 per cent.
Through its subsidiary Sembcorp Utilities , the group subscribed for an additional 275 million additional shares in SEIL to support the growth of its India renewable energy business. The equity injection was funded through a mix of internal funds and borrowings. The balance of shares in SEIL, meanwhile, is owned by SCU's Indian partner Gayatri Energy Ventures.
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