Deccan Gold Mines Limited announced a private placemen to issue 607,816 common shares at an issue price of INR 53.47 for the gross proceeds of INR 32,499,921.52 and 6,358,740 convertible equity warrant at an issue price of INR 13.3675 for the gross proceeds of INR 85,000,456.95; aggregate gross proceeds of INR 117,500,378.47 on September 13, 2023. The transaction has been approved by the shareholders of the company. The transaction will include participation from new investors Hira Infra Tek Limited, India for 5,984,700 warrants, Alok Gyanchand Kothari for 187,020 warrants and Suresh Babu Mitta for 187,020 warrants.