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
JCS Jewel Creations Opens Exclusive Silver Lounge In Chennai
The New Silver Lounge Offers A Special Place For Luxury Silver Jewellery, Handcrafted Divine Idols, Custom Silver Furniture, Home Décor & Special Gift Collections.
- The new Silver Lounge has a selection of silver items, including rings, bracelets, necklaces, earrings, men’s Jewellery, kadas, divine idols, prayer collections, custom silver furniture, luxury gifts & high-end home décor.
JCS Jewel Creations has opened its Exclusive Silver Lounge in T. Nagar, Chennai offering a special place for luxury silver Jewellery, handcrafted divine idols, custom silver furniture, home décor and special gift collections.
The big opening was joined by important people, including veteran actor Vijay Kumar, famous Vastu consultant Astro Parduman, actor Arun Vijay, Anitha Vijayakumar, Vinothini Pandian, actor Srikanth, actress Upasana Dr. Yashwanth Honorary Consul of El Salvador and sports star Arathi Arun.
The new Silver Lounge has a selection of silver items, including rings, bracelets, necklaces, earrings, men’s Jewellery, kadas, divine idols, prayer collections, custom silver furniture, luxury gifts and high-end home décor. Items start at Rs 3,000 while divine silver idols start at 10 grams meeting the needs of people who want style, faith and lasting artistry.
When talking about the event Arvind Katrela, Managing Director of JCS Jewel Creations said:
“The Exclusive Silver Lounge shows our goal of making a place where history, luxury and skill meet. Each product has been made with care giving customers special Jewellery, sacred collections and custom silver lifestyle products all in one place.”
Situated in the middle of Chennai’s Jewellery area the new store is expected to be a spot for high-quality silver Jewellery, fancy gifts and handmade silver décor.
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