The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rama Mines (Mauritius) Ltd
DECNGOLD · price
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Rama Mines (Mauritius) Ltd, a Mauritius-based entity, has disclosed the sale (disposal) of 32,63,518 shares (2.08% of total share capital) of Deccan Gold Mines Ltd in the open market. Before the disposal, Rama Mines held 25,270,229 shares (16.10%); after the disposal, its holding stands at 22,006,711 shares (14.02%). The last sale of 1,41,743 shares was made on June 9, 2025, which triggered the 2% disclosure threshold under SEBI SAST rules. The shares were sold over various dates since the last disclosure on March 14, 2018, when Rama Mines held 27.19% of the company. The total paid-up share capital of Deccan Gold Mines as on June 9, 2025 stood at 15,69,21,058 shares.
This is a significant open-market sell-down by a substantial foreign shareholder, reducing their stake from 16.10% to 14.02%. Retail investors should note ongoing supply from this Mauritius-based holder, which could weigh on the stock price in the near term; the disclosure is a regulatory requirement triggered by crossing the 2% disposal threshold.