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Senco Gold raised Rs 459 crore in a Qualified Institutions Placement to fund expansion plans.
Kolkata-based jewellery retailer Senco Gold Ltd. raised Rs 459 crore via a Qualified Institutions Placement (QIP), issuing 40.8 lakh equity shares at Rs 1,125 each.
This increased the company’s paid-up equity share capital to Rs 81.80 crore.
Major investors included Tata AIA Life Insurance Co. funds, acquiring 14.49% of the issue.
The funds will support the company's expansion, with plans to open 18-20 new stores annually.
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Senco Gold recaudó Rs 459 crore en una colocación de instituciones calificadas para financiar planes de expansión.