Sathya Agencies secures SEBI nod for ₹600 crore IPO to fund Unilet buyout
Tamil Nadu-based consumer electronics retailer Sathya Agencies has cleared SEBI for a ₹600 crore IPO, split evenly between fresh issue and OFS. Proceeds will retire debt and fund acquisition of subsidiary Unilet Appliances. Kanohar Electricals and Torrent Gas also received approvals.
Consumer electronics retailer Sathya Agencies has received SEBI nod for a ₹600 crore IPO (₹300 cr fresh + ₹300 cr OFS). Proceeds will repay debt and fund acquisition of subsidiary Unilet Appliances. Kanohar Electricals and Torrent Gas also approved.