Intimation of disclosures relating to specific Investor under SEBI(ICDR) Regulations, 2018.
DECNGOLD · price
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Deccan Gold Mines has informed BSE that Godawari Power & Ispat Limited (GPIL) has agreed to act as a Specific Investor in the company's proposed Rights Issue. The issue size is up to 3,93,37,893 equity shares at Rs. 80 per share, with a premium of Rs. 79, aggregating up to Rs. 314.70 crores. GPIL has committed to ensure at least 90% of the issue is subscribed by covering any shortfall, and has reserved the right to take up the entire undersubscribed portion (up to 100%), subject to its post-issue holding not exceeding 25% of the total paid-up voting share capital of Deccan Gold. The confirmation is given under SEBI ICDR Regulations, 2018.
This commitment reduces the risk of the Rights Issue being undersubscribed, which is positive for existing shareholders as it supports successful capital raising. However, GPIL's potential control (up to 25%) signals a meaningful ownership shift toward GPIL/group entities post-issue.