SembCorp said it had signed an investment agreement with Pipavav Shipyard and SKIL Infrastructure to subscribe to 17.5 million fully paid up equity shares in the Indian shipyard, equal to about S$29.12 million in cash or a 3.31% share in Pipavav at placement price.
Pipavav Shipyard is located on the west coast of India along the Middle East -Singapore sea route.
The
