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
World Gold Council Launches Swarnim Udaan 2047: Unlocking The Full Potential Of Gold Towards Viksit Bharat 2047
Ambitious Vision Document Outlines A Long-Term Roadmap To Position Gold As A Strategic Driver Of India’s Economic Growth, Financial Resilience, Exports, Innovation and Advanced Manufacturing By 2047.
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As India moves towards its US$30 trillion economy vision, the report positions gold as a strategic national asset capable of strengthening financial resilience, exports, innovation, responsible domestic value creation and advanced manufacturing. It further calls for coordinated policy and institutional action to unlock greater value across the entire gold ecosystem and enhance India’s global competitiveness.
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World Gold Council Launches Swarnim Udaan 2047: Unlocking The Full Potential Of Gold Towards Viksit Bharat 2047
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