JSA acts on Tamil Nadu electronics retailer Sathya’s IPO bid

JSA is the sole adviser to consumer electronics retailer Sathya Agencies’ proposed IPO valued at up to INR6 billion (USD64 million). The offering comprises a fresh issue of shares worth up to INR3 billion and an offering of existing shares valued at up to INR3 billion. Sathya Agencies filed its draft red herring prospectus with the Securities and Exchange Board of India in April. “An important part of our role has been to support Sathya Agencies in strengthening its corporate governance framework to meet the rigorous standards expected of a listed company,” said Arka Mookerjee, Partner, JSA.  Read more