Senco Gold shares jumped more than 12% this week after Oman India Joint Investment Fund II offloaded 5.89 lakh shares through block deals on Monday, valued at over ₹75 crore.
The transaction took place on the open market, with ICICI Prudential Life Insurance emerging as a key buyer, acquiring a significant stake in the jewellery retailer.
ICICI Prudential Life Insurance emerged as a major bidder in the open market transaction, purchasing a sizeable share in the jewellery store.
Oman India Joint Investment Fund sold its shares at an average price of ₹1,280.16 per share, resulting in a total transaction value of ₹75.52 crore, according to bulk deal data from BSE. The fund’s stake in Senco Gold dropped from 2.03% to 1.27% as a result of this sale. ICICI Prudential Life Insurance picked up 4.90 lakh shares at an average price of ₹1,280 per share, totalling ₹62.81 crores and a 0.63% stake in the firm.
In the meantime, on Friday, Senco Gold’s stock opened at Rs 1,457.80, demonstrating volatility throughout the trading day. The price reached a day high of Rs 1,500.00 and a day low of Rs 1,425.00.
