BRIEF-Sembcorp Industries Enters Agreement To Raise Stake In Sembcorp Energy India Ltd

  • Reuters
  • Stock Market News
BRIEF-Sembcorp Industries Enters Agreement To Raise Stake In Sembcorp Energy India Ltd

Dec 4 (Reuters) - Sembcorp Industries Ltd SCIL.SI :

* ENTERS INTO NON-BINDING AGREEMENT TO INCREASE STAKE IN SEMBCORP ENERGY INDIA LIMITED TO 100%

* PURCHASE PRICE FOR SHARES IS APPROXIMATELY INR 4,070 MILLION

* PROPOSED ACQUISITION IS EXPECTED TO BE COMPLETED BY END OF YEAR

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