Sathya Agencies clears SEBI hurdle for ₹600 cr IPO to fund Unilet buyout, debt paydown
Consumer electronics retailer Sathya Agencies has received SEBI approval for a ₹600 crore IPO, split evenly between a fresh issue and an OFS where promoters offload ₹100 crore each. Proceeds will repay debt and finance the acquisition of subsidiary Unilet Appliances. Kanohar Electricals and Torrent Gas also got the green light.
Consumer electronics retailer Sathya Agencies received SEBI nod for a ₹600 crore IPO (₹300 cr fresh + ₹300 cr OFS). Proceeds to repay debt and fund acquisition of subsidiary Unilet Appliances. Kanohar Electricals and Torrent Gas also cleared.