Deccan Gold Mines spurts on takeover plans

Deccan Gold Mines Ltd. | Mining & Minerals | Metals & Mining | BSE: 512068 | NSE: DECNGOLD

28 Aug 2013 Evaluate

Deccan Gold Mines is currently trading at Rs. 18.15, up by 0.85 points or 4.91 % from its previous closing of Rs. 17.30 on the BSE.

The scrip opened at Rs. 18.15 and has touched a high and low of Rs. 18.15 and Rs. 18.15 respectively. So far 12559 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 1 has touched a 52 week high of Rs. 26.45 on 18-Oct-2012 and a 52 week low of Rs. 13.50 on 07-Aug-2013.

Last one week high and low of the scrip stood at Rs. 17.90 and Rs. 15.80 respectively. The current market cap of the company is Rs. 106.67 crore.

The promoters holding in the company stood at 43.05 % while Institutions and Non-Institutions held 3.07 % and 53.87 % respectively.

Deccan Gold Mines (DGML) has been approached by Geomysore Services (India) (GMSI), a Bangalore-based gold exploration company for being taken over as a wholly-owned subsidiary of DGML. The Board of Directors of DGML have considered the offer of GMSI and have advised DGML to undertake a due diligence on GMSI. DGML would update the stakeholders of further developments in this regard.

GMSI is an unlisted company that has been actively engaged in exploration activities in India since1994. GMSI's large portfolio of mineral concession applications and licences covers most of the important gold bearing Archaean and Proterozoic belts of India.

DGML 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

Deccan Gold Mines Share Price

120.95 -4.10 (-3.28%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Coal India	456.35
NMDC	88.80
GMDC	684.70
Sandur Manganese	241.35
MOIL	315.65
View more..

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