Deccan Gold Mines has received an approval to hike the ceiling for overall investment for NRIs/PIOs from RBI stipulated 10% to 24% of the paid-up capital of the company. The board of directors at their meeting held on December 30, 2014 has approved for the same.
Deccan Gold Mines has been actively engaged in the exploration for gold in some of the most promising gold mineralized blocks in India. It has been successful in identifying several smaller potential gold-bearing zones within these blocks, worthy of detailed investigation.
