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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

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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.

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GJEPC Seminar InNashik Spotlights Export Opportunities and Easier Bullion Imports For MSMEs

The Programme Focused On Helping Jewellery Businesses Explore Export Markets While Highlighting Recent Policy Changes That Simplify Access To Bullion Imports.

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GJEPC, in association with the Nashik Jewellers Association, organised an awareness seminar on Export Opportunities for MSMEs on 7 July 2026 in Nashik, Maharashtra. The programme focused on helping jewellery businesses explore export markets while highlighting recent policy changes that simplify access to bullion imports.

Addressing the seminar, Mithilesh Pandey, Senior Director, GJEPC, outlined the export potential for jewellery businesses and explained the key requirements for becoming an exporter. His presentation covered logistics support, e-commerce opportunities, and initiatives introduced by the Government of India, the Government of Maharashtra and GJEPC to promote exports. He also highlighted the benefits of GJEPC membership and explained how retailers can leverage Central and State government schemes to expand their businesses internationally.

Representatives from the India International Bullion Exchange (IIBX), Ranjit Singh and Mukesh Sharma, announced a significant policy update for the gem and jewellery industry. GJEPC Registration-cum-Membership Certificate (RCMC) holders will now be recognised as Qualified Jewellers, enabling them to directly participate and bid on the IIBX platform for the import of gold and silver.

The speakers also announced that the earlier Rs 15 crore minimum net worth requirement has been removed, allowing a wider pool of GJEPC members to directly import bullion through IIBX.

The IIBX announcement drew strong interest from participants, while the sessions on exports and GJEPC initiatives encouraged retailers to explore international business opportunities and the advantages of GJEPC membership.

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