National News
SAIF Partners pares around 6% stake in Senco Gold for Rs 433 cr
Hong Kong-based SAIF Partners on Thursday pared a 5.8 per cent stake in jewellery retailer Senco Gold for Rs 432.72 crore through an open market transaction
Hong Kong-based SAIF Partners on Thursday pared a 5.8 per cent stake in jewellery retailer Senco Gold for Rs 432.72 crore through an open market transaction. SAIF Partners, through its arm SAIF Partners India IV Ltd, sold shares of Kolkata-based Senco Gold on the BSE.
According to the bulk deal data available on the BSE, SAIF Partners India IV offloaded 45,07,487 shares, amounting to a 5.8 per cent stake in Senco Gold.
The shares were disposed of at an average price of Rs 960.02 apiece, taking the deal value to Rs 432.72 crore.After the share sale, SAIF Partners’ shareholding in Senco Gold declined to 4.97 per cent from 10.77 per cent.
Details of the other buyers of Senco Gold’s shares could not be ascertained.Shares of Senco Gold gained 1.30 per cent to close at Rs 964.35 per piece on the BSE.
National News
India Post Empowers Jaipur Exporters To Scale Globally Via The Postal Network
Strengthening E-commerce Exports Through Dak Ghar Niryat Kendras and Strategic Multi-Agency Collaboration
India Post organised a seminar on “Leveraging the Postal Network for Global Trade and Post Offices to Facilitate E-commerce Exports” in Jaipur on 26 March, drawing participation from over 75 delegates across industries, including the gems and jewellery sector.
During the session, India Post outlined the key features of the Dak Ghar Niryat Kendra, highlighting processes designed to help exporters ship goods globally in a simple and cost-effective manner. Officials also showcased services such as EMS, ITPS, and Air Parcel, which are particularly suited for MSMEs and small exporters seeking to expand their international reach.
The seminar brought together representatives from FIEO, GJEPC, EPCH, DGFT, ECGC, Customs, MSME-DI, the Industries Department, and chartered accountants, who shared insights on export opportunities and policy frameworks.
Nitin Khandelwal, Regional Director – Jaipur, GJEPC, attended the seminar and contributed to the discussions. The session offered practical guidance on how exporters can leverage India Post’s extensive network to access global e-commerce markets more efficiently.
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