Deccan Gold Mines shares will be in focus on Thursday, December 4, as the Bengaluru-based company announced that it intends to raise capital through a rights issue.

In an exchange filing issued on December 12, the company has shared the finalised terms of its rights issue. Deccan Gold Mines intends to raise ₹314 crore through this exercise.

Who Are Eligible?

Price of the Deccan Gold Mines rights issue has been fixed as ₹80 per rights equity share. This price is at a discount of 35.89% compared to the company stock's closing of ₹115.05 per share.

Record date for the rights issue has been fixed as Tuesday, December 9. This means, that shareholders, who have shares of Deccan Gold Mines in their demat account as of the closing of December 8, will be eligible to participate in the rights is

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