Home News Industry News Sembcorp in talks to take over Green Infra

    Sembcorp in talks to take over Green Infra

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    green_infra_logoIDFC-PE-funded Green Infra, could​ possibly be bought over by Singapore​ headquarted Sembcorp. ​According to the buzz on the street a deal ​has been worked out in ​a​ shareholders meeting ​held recently, but some company insiders said that the talks were in the final stages. Green Infra has close to 500 MW of wind power and 35 MW of solar. Two funds of IDFC-PE have invested in Green Infra – funds II and III. They hold one third and two-thirds of the equity. It is learnt that while Fund II will sell out to Sembcorp, Fund III will hold on for a few more years, and exit in a IPO that Sembcorp is planning for later.

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