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.
Two Steps to Controlling the Hot Zone
RiverSpring Living Breaks Ground on River's Edge Senior Living Community
Encompass Health Reveals Plans to Build Inpatient Rehabilitation Hospital in Post Falls, Idaho
Creating Compassionate Spaces in Healthcare
Study Shows Connection Between Odor and Patient Experience