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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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National News

Celebrate Akshaya Tritiya With Reva Diamonds By PNGS

Up to 100% Off On Making Charges On Certified Natural Diamonds Till 19th April 2026

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Reva Diamonds by PNGS, a branded certified natural diamond jewellery retailer backed by the 190+ year legacy of the P. N. Gadgil & Sons Group, has announced a special festive offer of up to 100% off on making charges on certified natural diamond jewellery, starting April 4 and valid till 19th April 2026. The offer is available across Maharashtra at all Reva Diamonds by PNGS offline stores as well as online, ahead of Akshaya Tritiya.

Akshaya Tritiya has traditionally been associated with gold purchases; however, there has been a growing consumer shift towards certified natural diamonds as a symbol of enduring value and modern luxury. With this festive initiative, Reva Diamonds aims to make diamond jewellery more accessible to a wider set of customers, including first-time buyers, gifting customers, and investment-focused purchasers.

The brand has curated its festive assortment, keeping evolving consumer demand in mind. Diamond studs and daily wear earrings remain a strong focus this season due to their versatility and everyday luxury appeal. Lightweight diamond pendants and rings are positioned for entry-level buyers and the gifting segment, offering elegant yet accessible options during the auspicious period. For customers seeking statement purchases, the collection includes celebration-led designs such as statement necklaces and cocktail rings that reflect festive grandeur. Investment-driven buyers can explore solitaires and certified natural diamonds crafted to combine timeless design with long-term value. Bracelets and stackable diamond jewellery have also been highlighted, aligning with the emerging Gen Z trend of layered styling and contemporary fashion preferences.

Reva Diamonds by PNGS also offers 100% exchange value on diamonds as part of its ongoing customer value proposition, reinforcing long-term value assurance and purchase confidence beyond the festive period.

Commenting on the festive announcement, Amit Modak, CEO & Whole-Time Director, PNGS Reva Diamond Jewellery Limited, said:

Akshaya Tritiya is deeply rooted in the belief of lasting prosperity and meaningful investments. Over the years, we have seen customers increasingly view certified natural diamonds not just as adornment, but as an asset that holds emotional and intrinsic value. Through our offer of up to 100% off on making charges, we aim to make diamond jewellery more accessible while encouraging customers to invest in pieces that combine craftsmanship, authenticity, and long-term worth.”

By offering up to 100% off on making charges, Reva Diamonds by PNGS seeks to enhance festive value for customers during one of the most significant jewellery-buying periods of the year, giving customers an opportune moment to invest in certified natural diamond jewellery that blends tradition, aspiration, and enduring prosperity.

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