Oman India Investment Fund sells off over Rs 75 crore in shares

The Oman India Investment Fund has sold off shares in fine jewellery brand Senco Gold worth Rs 75 crore through an open market transaction and ICICI Prudential Life Insurance has picked up a 0.63% stake in the business.

The Oman India Investment Fund II sold off 5.89 lakh shares in Senco Gold which amounted to a 0.76% stake in the business, according to data available on the Bombay Stock Exchange, the Press Trust of India reported. The bulk deal saw Oman India Investment Fund II offload its shares at an average price of Rs 1,280.16 each to take the transaction value to Rs 75.52 crore.
 
Following the transaction, The Oman India Investment Fund II’s stake in Senco Gold was reduced from 2.03% to 1.27%, India Retailing reported. ICICI Prudential Life Insurance purchased 4.9 lakh shares in Senco Gold at an average price of Rs 1,280 per share.
 
Senco Gold & Diamonds also recently launched its ‘Aparupa Collection’ of festive designs for the holiday season. The collection mixes traditional and Art Deco aesthetics and includes a range of statement necklaces, chokers, drop earrings, and cocktail rings.
 
“Complement your aesthetic with the Aparupa Collection,” announced Senco Gold & Diamonds on Facebook. “The exquisite diamond choker with brilliant green stones and delicate floral and geometric designs combines heritage and modern luxury, creating the ideal festive glitz.”