Senco Gold receives Rs 75 crore investment from Oman-India joint fund
Summary
The Oman India Joint Investment Fund II (OIJIF II) has acquired a minority stake in Senco Gold in exchange for the equity investment. With the pandemic now receding, Senco is well-positioned for an expansion of its showroom network as well as building its digital presence, Senco Golds CEO and managing director Suvankar Sen told the Press Trust of India, about the business future plans.The Kolkata-based business retails a wide range of gold jewellery including traditional and fusion style designs. The business retails from its store network centring around West Bengal and now plans to take its jewellery brand to the national level. The investment comes as Senco Gold is gearing up for its initial public offering. Although it has not yet announced a set time frame, the business has said that it plans to file its IPO documents soon.