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Deccan Gold Mines rises on securing further funding of Rs 34.20 crore from Ardent Steel
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Deccan Gold Mines is currently trading at Rs. 88.00, up by 0.25 points or 0.28% from its previous closing of Rs. 87.75 on the BSE.
The scrip opened at Rs. 90.00 and has touched a high and low of Rs. 90.81 and Rs. 87.85 respectively. So far 88754 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 1 has touched a 52 week high of Rs. 109.86 on 04-Aug-2023 and a 52 week low of Rs. 23.10 on 07-Oct-2022.
Last one week high and low of the scrip stood at Rs. 90.81 and Rs. 82.41 respectively. The current market cap of the company is Rs. 1140.12 crore.
The promoters holding in the company stood at 30.54%, while Institutions and Non-Institutions held 3.12% and 66.34% respectively.
Deccan Gold Mines (DGML) has secured further funding of Rs 34.20 crore by way of loan from Ardent Steel, Chhattisgarh (Ardent) (Hira Group Company) for its business operations. With this further funding, the company has availed an amount of Rs 50 crore by way of loan from Ardent. This further funding will be primarily utilised for making equity investment into Geomysore Services (India).
Deccan Gold Mines (DGML) is the first private sector gold exploration company in India. The company has a large portfolio of exploration prospects in the states of Karnataka, Andhra Pradesh, Kerala and Rajasthan.
