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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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Sankesh Surana Studio Unveils Viśvaṃ Viṣṇuḥ: A Monumental Contemporary Sculpture Reimagining Sacred Art

The Frontal Perspective Honors The Holy Trinity—Brahma, Vishnu, and Maheshwara—Blending Divine Iconography With Modern Elegance.The Sculpture Intricately Incorporates 19 Gods and Goddesses, Symbolizing The Expansive Cosmic Realm Of Lord Vishnu

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Marking a significant milestone in contemporary spiritual art, Sankesh Surana Studio announces the debut of Viśvaṃ Viṣṇuḥ, a bespoke contemporary interpretation of Lord Balaji. Serving as the centerpiece of the esteemed Ananta – Sacred Art Series, this four-foot-tall masterpiece is the culmination of nearly two years of meticulous conceptualization, design, and artisan craftsmanship

Conceived as an immersive, 360-degree sculptural narrative, Viśvaṃ Viṣṇuḥ offers a profound visual meditation on the cosmos.

Sankesh Surana, Founder- Sankesh Surana Studio said:

“With ViÅ›vaṃ Viṣṇuḥ, our vision was to bridge timeless tradition with contemporary design, creating a piece that resonates deeply on both an aesthetic and spiritual plane.”

“The process was a long, painstaking journey of refinement, but the result is a holistic representation of the universe contained within a single artwork.”

Exclusivity has defined the creation of this landmark edition. Released as a strictly limited collection of just 27 fine art pieces, the entire series was fully acquired prior to its official debut.

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