Aspect Global Ventures Private Limited has launched an open offer to acquire up to 25,62,872 equity shares of Duke Offshore Limited. The offer price is set at ₹30 per share, with the total acquisition value aggregating up to ₹7.68 crore. This move represents 26% of Duke Offshore’s voting share capital and is in compliance with SEBI (SAST) Regulations, 2011. The offer is managed by Saffron Capital Advisors Private Limited.
Open Offer Details Announced
Aspect Global Ventures Private Limited, referred to as the ‘Acquirer’, has initiated an open offer to acquire equity shares of Duke Offshore Limited, the ‘Target Company’. The offer aims to acquire up to 25,62,872 fully paid-up Equity Shares, each with a face value of ₹10. The cash offer price is set at ₹30 per Equity Share. This acquisition is expected to aggregate up to ₹7,68,86,160, representing 26% of the total voting share capital of Duke Offshore Limited.
Regulatory Compliance and Management
The open offer is being conducted pursuant to and in compliance with the requirements of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended (the ‘SEBI (SAST) Regulations, 2011’). Saffron Capital Advisors Private Limited has been appointed as the ‘Manager’ to this open offer. The announcement includes details of the ‘Reminder Advertisement’ published on August 10, 2026, in various newspapers including Financial Express, Jansatta, and Navshakti.
Physical Shareholder Guidance
Physical shareholders of Duke Offshore Limited who have not yet received their Letter of Offer (LOF) are advised to contact Cameo Corporate Services Limited via email at [email protected] to request a soft copy. Alternatively, the LOF can be downloaded from the websites of SEBI (www.sebi.gov.in), the Manager (www.saffronadvisor.com), or BSE (www.bseindia.com). Shareholders are directed to the ‘Procedure for Acceptance and Settlement of the Offer’ section in the LOF for detailed instructions on tendering their shares.
Offer Issuing Parties
The advertisement is issued by Saffron Capital Advisors Private Limited, acting as the Manager to the Open Offer on behalf of Aspect Global Ventures Private Limited. The Registrar to the Open Offer is Cameo Corporate Services Limited. Both entities have provided their contact details and SEBI registration numbers for further queries and investor grievances.
Source: BSE
