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, IFSCA and IIBX Hold Webinar On Gold and Silver Supply Mechanism For Exporters
International Spot Prices Also Strengthened: Spot Gold Climbed Above $4,200/oz
GJEPC, in collaboration with the International Financial Services Centres Authority (IFSCA) and India International Bullion Exchange (IIBX), organized a webinar on 19 June to explain the newly liberalized framework that enables GJEPC Registration-cum-Membership Certificate (RCMC) holders to access gold and silver directly through IIBX for export purposes. More than 200 industry participants attended the session.
Delivering the special address, Ramakrishnan Padmanabhan, General Manager, IFSCA, spoke about the regulator’s efforts to broaden access to bullion imports and strengthen India’s bullion ecosystem.
Initiative is expected to improve access to precious metals for export manufacturing and provide a major boost to exporters, particularly MSMEs.
The technical session was led by Ashok Kumar Gautam, Managing Director & Chief Executive Officer, India International Bullion Exchange (IIBX). Officials from IFSCA and IIBX presented the operational framework of IIBX, detailing onboarding procedures, trading and settlement mechanisms, depository systems, vault infrastructure and customs processes. Participants were informed that eligible GJEPC RCMC holders can import gold and silver duty-free for export purposes under the prescribed customs framework.
K.K. Duggal, Senior Director – Policy, GJEPC, highlighted the significance of the recent regulatory change that recognizes all GJEPC RCMC holders as Qualified Jewellers on the IIBX platform.
The webinar concluded with an interactive question-and-answer session, during which queries from participants were addressed by officials from GJEPC, IFSCA and IIBX. Exporters were encouraged to onboard as Qualified Jewellers and leverage the IIBX ecosystem for transparent, efficient and globally competitive bullion sourcing.
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