Deccan Gold to raise Rs 137.67 cr via preferential issue of CCDs, shares and warrants
DECNGOLD · price
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On the reaction day the stock moved 0.9 pts less than Nifty Microcap 250 and 1.1 pts less than its Non - Ferrous Metals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Board approved preferential issue to non-promoters: 8,57,216 CCDs at Rs 191.90 (Rs 16.45 cr, 12 percent interest, 18-month conversion); 3,90,827 equity shares at Rs 191.90 (Rs 7.50 cr); and 59,26,196 warrants at Rs 191.90 (Rs 113.72 cr, 25 percent upfront). Total about Rs 137.67 cr. EGM on September 2, 2026. Subject to shareholder and regulatory approvals.
Fundraise of about Rs 137.67 cr from non-promoters. Equity dilution likely on conversion of CCDs and warrants. CCDs carry a high 12 percent interest.