Deccan Gold Mines plans rights issue

Deccan Herald, 15 July 2003 :

Deccan Gold Mines Ltd (DGML) has announced a rights issue of Equity Shares for a total amount of Rs 5 crore. The company presently has an issued and subscribed share capital of Rs 24, 50,000 comprising of 2,45,000 Equity Shares of face value of Rs 10 each, the company informed Bombay Stock Exchange today.

The company has split each Rs 10 share into 10 ten shares at face value of Rs. 1 and plans to issue 4,90,00,000 Equity Shares of Re 1 ech for cash at par on a renounceable right basis to the existing shareholders of the company in the ratio off20 equity shares for every one held. Post-rights, the issued and subscribed capital would expand to Rs 5.14 crore.