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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’s Lucknow Retailers’ Connect Sees Enthusiastic Response, Boosting Participation In IIJS Bharat Premiere 2026

The Retailers’ Connect Programme Forms Part Of GJEPC’s Nationwide Outreach Campaign To Increase Retailer Participation At IIJS Bharat Premiere 2026

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GJEPC successfully hosted the Retailers’ Connect in Lucknow, UP, drawing more than 150 retailers and industry members for an interactive session focused on expanding business opportunities and boosting participation in IIJS Bharat Premiere 2026.

The event highlighted the benefits of attending IIJS Bharat Premiere 2026, scheduled to be held in Mumbai this August, as a platform for sourcing, networking and exploring new business opportunities.

The keynote presentation was delivered by Shivangi Singh, Deputy Commissioner, Uttar Pradesh Export Promotion Council, who outlined the state’s export promotion initiatives, including the Market Development Assistance (MDA) scheme. She also encouraged participants to visit IIJS Bharat Premiere 2026 and the Common Facility Centre in Mumbai to explore international market opportunities and strengthen their export capabilities.

Participants also gained insights from Mithilesh Pandey, Senior Director – Membership, MSME, GJEPC, and Naheed Sunke, Assistant Director, GJEPC, who highlighted the Council’s initiatives to support retailers, manufacturers and aspiring exporters. Their presentations focused on business growth opportunities, industry services and the value of engaging with GJEPC’s programmes and exhibitions.

The Retailers’ Connect programme forms part of GJEPC’s nationwide outreach campaign to increase retailer participation at IIJS Bharat Premiere 2026 while strengthening the gems and jewellery ecosystem across key markets. The Lucknow edition reinforced the Council’s efforts to connect Uttar Pradesh’s jewellery trade with national and international business opportunities through its flagship trade show.

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