Sembcorp Green Infra files draft prospectus for India IPO

But no definitive decision has been made on the proposed listing yet.

Sembcorp Industries' wholly owned subsidiary has filed a draft red herring prospectus for a potential initial public offering (IPO) of its equity shares in India.

In a filing, Sembcorp said no definitive decision has been made on whether the IPO will proceed and that there is no assurance the transaction will be completed.

The unit, Sembcorp Green Infra Limited, filed the draft prospectus, dated 26 August, with the Securities and Exchange Board of India, the National Stock Exchange of India Limited, and BSE Limited.

The proposed listing remains subject to prevailing market conditions, regulatory and internal approvals, and other relevant considerations.

Sembcorp said it will issue further announcements in accordance with regulatory requirements if there are material developments.

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