Oman India Joint Investment Fund II Invests in Senco Gold
Posted on 05/09/2022
On April 11, 2022, Oman India Joint Investment Fund II (OIJIF II) invested around Rs 75 crore in Kolkata-based jewelry retailer Senco Gold Limited. OIJIF II is a fund managed by OIJIF MC, an India-focused private equity fund manager sponsored by Oman Investment Authority and State Bank of India. Senco Gold operates 127 showrooms across India and is one of the largest organized jewelry retailers in eastern India. SAIF Partners India IV Ltd has been an investor in the company since 2014. Senco posted consolidated revenues of around Rs 2,675 crore for fiscal year 2021.
Advisors
Quest Profin Advisor Pvt Ltd, a Mumbai-based boutique investment bank, was the exclusive financial advisor to the company and the transaction.
