Deccan Gold Mines Ltd announces formation of a subsidiary company in Dubai

In order to strengthen and consolidate the Company's mineral exploration consultancy vertical, Deccan Gold Mines Ltd has incorporated a wholly-owned subsidiary under the name of "Deccan Gold-FZCO' in Dubai, UAE. Post the completion of the regulatory / statutory compliances in UAE shortly, the Company will be equipped with a dedicated equipment and focused technical team to cater to the mineral exploration consultancy needs of clients in Africa and the Middle-East and the CIS countries. The consultancy vertical is aimed at working mainly on Gold, Nickel, Lithium and Rare Earth & battery metals. Going forward, the company would also aim to acquire stake in these projects, in case they prove to be having potential.

Shares of DECCAN GOLD MINES LTD. was last trading in BSE at Rs. 88.31 as compared to the previous close of Rs. 87.98. The total number of shares traded during the day was 105785 in over 469 trades.

The stock hit an intraday high of Rs. 90.95 and intraday low of 86.57. The net turnover during the day was Rs. 9460704.00.

Source : Equity Bulls

Keywords

DECCANGOLDMINES INE945F01025 Mining Subsidiary Dubai