Sathya Agencies clears SEBI for ₹600 cr IPO to fund debt, Unilet buyout
Tamil Nadu-based consumer electronics retailer Sathya Agencies has secured SEBI's nod for a ₹600 crore IPO, split evenly between a fresh issue and OFS. Proceeds will retire debt and finance the acquisition of subsidiary Unilet Appliances. Torrent Gas and Kanohar Electricals also cleared the regulator in the same batch.
Consumer electronics retailer Sathya Agencies received SEBI nod for a ₹600 crore IPO (₹300 cr fresh + ₹300 cr OFS), with proceeds funding debt repayment and acquisition of subsidiary Unilet Appliances. Torrent Gas and Kanohar Electricals also cleared.