Announced Wed, 1 Jul · 17:46 IST
Deccan Gold raises Rs 20 Cr loan for Kyrgyz gold project
DECNGOLD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+5.4%1-day move
₹188.41
prior close
₹191.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1-1.1+0.3-1.8+5.4+8.1+6.9+1.3+9.9+5.7+2.8———
Up moveDown movePending
AI summary
Deccan Gold Mines has availed Rs 20 Crore debt funding from Hira Infra Tek Limited to finance the Altyn Tor Gold Project in the Kyrgyz Republic, executed through subsidiary Avelum Partner LLC. The loan carries a 6-month tenure at 12 percent annual interest on quarterly compounding. Security is via pledge of 2,50,000 equity shares held in Geomysore Services India.
Likely market impact
Short-term funding boost for overseas gold project; minor pledge risk on subsidiary shares if default occurs.