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
Bharat Diamond Bourse and Department Of Posts Sign MOU
Foreign Post Office To Open In BDB To Facilitate
Export-Import of Precious Cargo By Post
- Economical and simplified doorstep logistics support for Export and import of high-value cargo – International and Domestic
- Facility Open to all

Bharat Diamond Bourse (BDB) and Department of Posts (DOP), Maharashtra Circle, today signed a Memorandum of Understanding (MOU) to establish a partnership aimed at facilitating shipments of precious cargo from within the Bourse premises. A Post Office extension counter that offers a range of postal services will commence operations in BDB within a month.
Under the partnership agreement, comprehensive logistics facilities will be provided to both members and non-members for shipments of domestic and international parcels. These Doorstep Logistics Services will operate with the Department of Posts as the primary logistics partner.
Services available for all within the bourse will include Speed Post, India Post Parcel, Logistics Post, Media Post, and others.
Shri Anoop Mehta, President of BDB, Said:

“BDB’s vision is to provide the best facilities for its members, and simultaneously facilitate the growth of diamond exports. The MOU is a big step in enabling smooth logistics for export-import parcels from within our premises. We believe it will help individual businesses as well as boost overall diamond exports.”
Mehul Shah, Vice President, BDB, Said:
“Opening the post office in BDB is a big milestone for small and medium traders. Reduced shipment costs will make it extremely economical. Further, there is no requirement for Customs clearing agents (CHAs). The move will also boost the e-commerce business with direct shipments from manufacturers to end consumers. Easy access to other services like speed post and parcel will make logistics easier for BDB members.”

Amitabh Singh (IPoS), Chief PMG, Maharashtra Circle, Said:

“This partnership leverages the world’s largest postal network for facilitating import and export of valuable cargo and domestic parcels of the BDB business community. It brings India Post to the doorstep of the diamond trade and connects BDB, the diamond bourse having the largest turnover worldwide, with the largest Postal network, opening a door to Global Geography.”
Other dignitaries present on the occasion of the MOU Signing included Shri Santosh Mishra, Commissioner of Customs Zone-3, Shri Pandurang Chormale (IPoS), Senior Superintendent of RMS, Shri Anup Zaveri – Customs Convener BDB, and others.
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