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.
GJEPC’s Delhi Regional Office held a focused Outreach Session on bullion procurement through India International Bullion Exchange (IIBX) and MSME scheme benefits on 2 December 2025. The event drew 52 jewellers, bullion dealers and TRQ holders.
Ashok Seth, Co-Convener – Northern Regional Sub-committee, opened the session by welcoming participants. Mukesh Sharma, Head – Business Development, IIBX, led the first segment with a walkthrough of how the IIBX can support bullion imports, gold price risk hedging and access for Advance Authorisation licence holders, Qualified Jewellers and TRQ holders.
Attendees also received an update on MSME scheme benefits from Hemant Sharma, Under Secretary, Ministry of MSME, who outlined key support measures available to the sector.
In his concluding note, Ashuthosh Srivastava, Regional Director (North), GJEPC, urged the industry to make use of the AEO Programme and the Trade Connect platform. He also shared updates on IIJS Bharat Signature 2026 and encouraged members to participate in the upcoming edition.
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