Sembcorp Industries (SCI) recently announced that its wholly-owned subsidiary, Sembcorp Environment, has agreed to divest its entire stake in Sembcorp Enviro (India) to Ramky International (Singapore) for $7.25 million.
Sembcorp Enviro (India) is a special purpose vehicle that owns a 51 per cent stake in SembRamky Environmental Management, a medical waste collection and treatment player in India.
The divestment is in line with SCI's efforts to streamline its businesses and sharpen its strategy for the India market.
Completion of the divestment is expected to take place by year end.
The Top States for Pest Infestations
Ground Broken on Wichita Biomedical Campus Project
Aligning Construction and Facility Activities to Minimize Problems
Cooper University Health Care Breaks Ground on 'Project Imagine'
3 Employees Injured by Patient at Halifax Infirmary's Emergency Department