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.