Iron Ore Mine Exploration Company, Dempo Group To Sell 40% Stake In Iron Ore Firm

Sale to fund expansion plans after restructuring.
Goa-based Dempo Group is planning to divest 40 per cent in a company that will house its 100-million-tonne iron ore reserve. The group’s iron ore reserves are currently with the flagship V S Dempo & Co Pvt Ltd, and its two subsidiaries Dempo Mining Corporation and Sindhudurg Mining Corporation.
The [...]

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