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
GJEPC Activates Indian Embassies In 70+ Countries To Promote IGJS Jaipur 2027
The Council’s outreach has received an encouraging response, with over 20 Indian embassies and diplomatic missions publishing information about the show on their official websites.
GJEPC has mobilised India’s diplomatic network across more than 70 countries to promote the International Gem & Jewellery Show (IGJS) Jaipur 2027 and attract international buyers.
IGJS Jaipur 2027 will be held from 16-18 April 2027 at the Jaipur Exhibition & Convention Centre (JECC), Sitapura, Jaipur.
The Council’s outreach has received an encouraging response, with over 20 Indian embassies and diplomatic missions publishing information about the show on their official websites. These include missions in New Zealand, the UAE, China, Germany, Croatia, Indonesia, Qatar, Canada, Brazil, Poland, Italy and the UK, among others.
The Embassies of Egypt, Brazil, Italy and Poland have also personally acknowledged GJEPC’s efforts. The outreach includes several major overseas jewellery trade associations, including Jewelers of America, New York, USA.
The Council will continue engaging with diplomatic missions and trade associations through sustained promotional efforts until the show.
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