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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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Forevermark Diamond Jewellery Launches in Chandigarh; Inaugurated by Himanshi Khurana

Filmstar Himanshi Khurana graces the inauguration of The De Beers Group store

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Forevermark Diamond Jewellery from De Beers Group launched its first store in Chandigarh at Nexus Elante Mall, inaugurated by celebrated film star Himanshi Khurana; located within the mall’s newly opened jewels souk zone. Known for its exquisitely crafted everyday diamond jewellery, international designs and collections, the brand brings its distinctive craftsmanship and timeless elegance to the city’s discerning jewellery connoisseurs.

Forevermark Diamond Jewellery stands for transparency, trust and a high level of confidence, catering to the varied tastes of Chandigarh’s refined jewellery lovers when buying natural diamond jewellery. The brand goes beyond the 4Cs to select among the world’s most beautiful natural diamonds, that guarantees their beauty, rarity and responsible sourcing.

Speaking about the launch, Shweta Harit, Global Senior Vice President at De Beers Group and CEO of Forevermark, said,

Natural diamonds remain the most timeless expression of luxury, increasingly chosen by modern Indian women who seek authenticity, rarity and lasting emotional value in what they wear. At Forevermark, our focus is on creating natural diamond jewellery that reflects responsible sourcing, exceptional craftsmanship and refined international designs. Our decision to expand into Chandigarh is inspired by the city’s emergence as one of India’s fastest-growing luxury markets and by a discerning clientele with a deep appreciation for quality and design excellence. We look forward to bringing an elevated Forevermark experience to customers here and becoming part of their most meaningful celebrations and milestones.

For the opening of this exclusive boutique at Nexus Elante Mall in Chandigarh, Forevermark Diamond Jewellery from De Beers Group is proud to partner with Vismay Jewels.

Adorned with beautiful Forevermark diamond jewellery from the signature Icon collection, film star Himanshi Khurana said

Natural diamonds have always made me feel confident, timeless and truly unique, which is why being part of the Forevermark Diamond Jewellery store launch in Chandigarh is so special. I love the brand’s exquisite craftsmanship and international designs especially the Icon collection which I am wearing today as well as the stunning solitaire range available in the store that beautifully celebrates individuality and rare moments.

The new boutique offers an immersive luxury experience and showcases a wide range of diamond jewellery collections right from everyday pieces to statement high jewellery & bridal collections across the brand’s signature collections like Icon, Avaanti, Twogether and more. The elegant space also features the brand’s special solitaire lounge alongside international collections designed in Italy, reflecting a perfect blend of contemporary design and timeless craftsmanship.

With its entry into Chandigarh, Forevermark continues to strengthen its presence across India’s key luxury destinations, bringing its legacy of exceptional diamond craftsmanship and design closer to the region’s discerning jewellery lovers.

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