Letter of offer for Rights Issue of Equity shares
DECNGOLD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Deccan Gold Mines Ltd has filed the Letter of Offer for a rights issue of up to 3,93,37,893 equity shares at ₹80 each (face value ₹1, premium ₹79), aiming to raise up to ₹31,470.31 lakhs (about ₹314.7 crore). Eligible shareholders get 150 rights shares for every 601 shares held on the record date of December 9, 2025, meaning roughly 25% potential dilution. The issue opens on December 17, 2025 and closes on December 26, 2025, with listing expected around December 31, 2025. Godawari Power and Ispat Limited has been named as a Specific Investor committed to ensuring at least 90% subscription, providing downside protection. The company's promoter is Rama Mines (Mauritius) Limited.
Existing shareholders must decide whether to invest ₹80 per rights share to maintain their stake, or risk dilution of about 25%. The Specific Investor commitment from Godawari Power and Ispat reduces the risk of undersubscription, but the issue price represents a steep premium over face value, so the attractiveness depends on the prevailing market price versus the ₹80 offer.