Deccan Gold Mines Limited announced a private placement of 33,507,789 equity shares of a face value of INR 1 per share, at an issue price of INR 33.05 per share for gross proceeds of INR 1,107,432,426.45 on March 2, 2023. The transaction will include participation from key managerial personnel's for 1,70,083 equity shares, and other investors. The total number of equity shares of the company will increase from 93,327,375 equity shares to 126,835,164 equity shares.

The company will issue equity shares on a preferential basis. The transaction has been approved by the board of directors of the company.