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
Advit Jewels IPO To Open On June 23, Issue Size Of Rs. 165.16 Crores
The IPO Price Band Is Set Between Rs. 130 and Rs. 138 Per Share
Advit Jewels Ltd. is launching its Initial Public Offering (IPO) with an issue size of Rs. 165.16 crores. The bidding window for Advit Jewels IPO will be open from 23 June to 25 June 2026, for public subscription.
The company had filed its draft red herring prospectus (DRHP) in September, 2025, announcing its IPO plans.
The jewellery manufacturer plans to list its shares on BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE). Nitin Gilara, Prateek Gilara, Vipul Gilara, and Krishna Vardhan Gilara are the promoters of the company.
Advit Jewels Ltd is engaged in the design, manufacturing, and trading of gold, diamond, and silver jewellery. The company offers a diverse collection of ornaments catering to both traditional and contemporary tastes, serving customers through wholesale and retail channels across India.
Advit Jewels IPO will be a book-build issue of Rs. 165.16 crores, consisting entirely of a fresh issue of 1.20 crore shares. The IPO price band is set between Rs. 130 and Rs. 138 per share. The lot size for an application is 100 shares. The minimum investment required for a retail individual investor (RII) is Rs. 13,800 (100 shares), based on the upper price.
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National News11 minutes agoAdvit Jewels IPO To Open On June 23, Issue Size Of Rs. 165.16 Crores
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