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
FGLOC to host inaugural Gold Summit in Kochi
Will bring together key industry stakeholders to chart the future roadmap for the gold-loan sector and unlock the potential of gold as a financial asset
The Federation of Gold Loan Companies (FGLOC) will host its inaugural Gold Summit in Kochi on November 17, 2026, bringing together key industry stakeholders to chart the future roadmap for the gold-loan sector and unlock the potential of gold as a financial asset.
The summit aims to strengthen the operational capabilities of gold-loan companies, equipping them to scale efficiently and responsibly. Core discussions will address shared industry challenges while emphasizing corporate governance, regulatory compliance, and sustainable business practices.
Bringing together prominent voices from across the financial ecosystem, the event will examine the evolving role of gold in modern finance, emerging market opportunities, and strategies to expand credit access to underserved populations.
​Key areas of deliberation include:
- ​Policy and regulatory developments
- ​Responsible lending and consumer protection
- ​Corporate governance and transparency
- ​Technological advancements and sustainable growth
Prominent industry leaders scheduled to participate include George Alexander Muthoot, Executive Vice-Chairman of Muthoot Finance; Thomas John Muthoot, Chairman and Managing Director of Muthoot FinCorp; and V.P. Nandakumar, Chairman and Managing Director of Manappuram Finance.
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