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
Rewarding Loyalty: Challani Jewellery Mart Awards Nine Employees Land Plots Worth Rs 18 Lakh
At Challani Jewellery Mart, They Believe That An Organization’s Success Is Built Upon The Dedication and Steadfast Commitment Of Its People.
In every organization, defining moments reveal true values, culture, and community. At Challani Jewellery Mart, they believe that an organization’s success is built upon the dedication and steadfast commitment of its people.
In recognition of exceptional devotion and contribution to our growth, Chairman Jayantilal Challani recently presided over an award ceremony recognizing nine outstanding employees. Each honoree was presented with a plot of land measuring 1,207 sq. ft., valued at Rs 18 Lakhs.
Joined by the families of the awardees, the celebration was a heartfelt and memorable occasion. While home ownership and property ownership are major milestones, Challani Jewellery Mart remains committed to turning those aspirations into reality for valued team members.
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