Deccan Gold Mines Ltd (DGML) has said that it has been approached by GeoMysore Services-India (GMSI), a Bangalore-based gold exploration company for being taken over as a wholly-owned subsidiary of DGML.
In a release to exchanges, company said: “The board of directors of Deccan Gold has considered the offer and have advised the company to undertake a due-diligence of GMSI. Deccan Gold would update the stakeholders of further developments.”
GMSI is an unlisted private limited company that has been actively engaged in exploration activities in India since 1994.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.