Deccan Gold Mines Secures ₹1.8 Cr Loan for Project Funding

Deccan Gold Mines Limited has completed documentation for a loan of ₹1.8 Crore from Beyond The Crowd Ventures LLP. The funds are primarily intended to finance the Altyn Tor Gold Project in the Kyrgyz Republic, a subsidiary of Deccan Gold Mines. The loan has a tenure of 12 months with an interest rate of 12% per annum. The loan is secured by a pledge of 11,250 equity shares held by Deccan Gold Mines in Geomysore Services (India) Private Limited. The lender, Beyond The Crowd Ventures LLP, is not related to the promoter or group companies.