Senco Gold’s shares saw a 4% jump 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 in the open market, where ICICI Prudential Life Insurance emerged as a key buyer, acquiring a significant stake in the jewellery retailer.
According to bulk deal data from BSE, Oman India Joint Investment Fund sold its shares at an average price of ₹1,280.16 per share, which resulted in a total transaction value of ₹75.52 crore. Following this sale, the fund’s stake in Senco Gold decreased from 2.03% to 1.27%. At the same time, ICICI Prudential Life Insurance picked up 4.90 lakh shares at an average price of ₹1,280 per share, amounting to ₹62.81 crore, securing a 0.63% stake in the company.
Oman India Joint Investment Fund II is part of Oman India Joint Investment Fund Management Company (OIJIF-MC), a private equity fund focusing on mid-market sectors in India. OIJIF-MC is backed by the Oman Investment Authority (OIA), which is the sovereign wealth fund of Oman, and the State Bank of India.
The details of other potential buyers in the block deal were not disclosed. As of 9:39 AM, Senco Gold’s shares were trading 3.43% higher at ₹1,378.00 on the NSE, reflecting positive market sentiment following the transaction.
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