Deccan Gold Mines is currently trading at Rs. 33.80, up by 0.15 points or 0.45% from its previous closing of Rs. 33.65 on the BSE.
The scrip opened at Rs. 36.00 and has touched a high and low of Rs. 36.50 and Rs. 33.75 respectively. So far 202802 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 52.10 on 30-Dec-2014 and a 52 week low of Rs. 16.15 on 26-Mar-2014.
Last one week high and low of the scrip stood at Rs. 36.50 and Rs. 27.30 respectively. The current market cap of the company is Rs. 200.16 crore.
The promoters holding in the company stood at 41.90% while Institutions and Non-Institutions held 2.22% and 55.88% respectively.
Reserve Bank of India has notified that the foreign shareholding by Non-Resident Indians (NRIs)/Persons of Indian Origins (PIOs) in Deccan Gold Mines has gone below the revised threshold caution limit. Accordingly, the restrictions placed on the purchase of shares of the above company are withdrawn with immediate effect. The RBI has further notified that the NRIs/PIOs can now invest up to 24 per cent of the paid up capital of Deccan Gold Mines under the Portfolio Investment Scheme.
The company has already passed resolutions at its Board of Directors’ level and a special resolution by the shareholders, agreeing for enhancing the limit for the purchase of its equity shares and convertible debentures by NRI/PIOs.
