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
Challani’s Jewelverse – Season 1, A Grand Jewellery Exhibition Opens In Chennai
The exhibition brings together an extensive collection of fine jewellery, featuring gold, diamonds, Polki, rose-cut diamonds and coloured gemstones under one roof.
Challani Jewellery Mart’s Challani’s Jewelverse – Season 1, a grand showcase of exquisite jewellery, commenced today at Taj Coromandel, Chennai, under the leadership of Jayanthilal Challani, Founder and Chairman of Challani Jewellery Mart. Challani’s Jewelverse – Season 1 is being held from October 9 to 11, 2026, between 10:00 AM and 9:00 PM each day.
The exhibition was inaugurated by Adityaram, Founder and Chairman of the Adityaram Group who formally opened the event by cutting the ribbon and lighting the traditional ceremonial lamp.
The exhibition brings together an extensive collection of fine jewellery, featuring gold, diamonds, Polki, rose-cut diamonds and coloured gemstones under one roof.
Combining traditional craftsmanship with contemporary designs, the showcase offers visitors an opportunity to explore a diverse range of distinctive jewellery collections.
Speaking to the media after the inauguration, Adityaram expressed his appreciation for the collection on display.I have visited several jewellery exhibitions, but the variety of collections showcased here is truly remarkable. What stands out is the range of designs available not only for women but also for men, with distinctive pieces that are visually appealing he said.
Addressing the media, Jayanthilal Challani said,
“Although Challani Jewellery Mart has several branches, our objective is to bring different categories of jewellery together in one place, offering customers a comprehensive shopping experience. This exhibition features an exclusive selection of gold, diamond, Polki, rose-cut and
coloured gemstone jewellery. We are delighted to see jewellery enthusiasts visiting the exhibition and showing keen interest in the collections. Commenting on gold prices, Jayanthilal Challani noted that although prices had eased slightly at present, they were expected to rise gradually from November.”
The inaugural event witnessed the participation of several prominent personalities, including Thangamalar Jagannath and Dr. Vimala Rani Britto, along with other distinguished guests, VIPs and jewellery enthusiasts. Visitors were seen exploring the collections with considerable interest.
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