M&A

M&A

Deccan Gold Mines acquires stakes in two cos in Kyrgyzstan, Finland

BSE Disclosure   Business Line  

Bengaluru-headquartered, publicly-listed gold exploration company Deccan Gold Mines Ltd is to acquire share capital aggregating to 10,50,00,000 KGS (Kyrgyzstani Som) in Avelum Partners LLC, Kyrgyzstan, representing 60% of the capital of Avelum from Hira Infra-Tek Ltd, India, and Med Edu Care Marketing Management, Dubai. The acquisition would be through a share swap by the allotment of about 1.85 crore preference shares. Deccan Gold would also acquire share capital aggregating 810 shares in Kalevala Gold Oy, Finland, representing 31.52 % of the present capital of Kalevala from Lionsgold India Holdings Ltd, Mauritius. The acquisition would be through a share swap by allotting 11,51,181 preference shares. The company has an option to add another 10% in Avelum and 18.48% in Kalevala.