Aspect Global Ventures Private Limited has successfully completed its open offer for Duke Offshore Limited shares. The offer, managed by Saffron Capital Advisors Private Limited, aimed to acquire up to 25,62,872 equity shares at ₹30 each. While the offer was structured for full acceptance resulting in a 26% stake, the actual outcome saw no shares tendered by public shareholders. Consequently, the acquirer’s post-offer shareholding remains at 70.61%, unchanged from before the open offer.
Duke Offshore Open Offer Concludes
Aspect Global Ventures Private Limited (the “Acquirer”) has finalized its open offer for the fully paid-up equity shares of Duke Offshore Limited (the “Target Company”). The offer, which ran from August 6, 2026, to August 19, 2026, was managed by Saffron Capital Advisors Private Limited. The offer price was set at ₹30 per equity share.
Offer Details and Outcome
The proposed acquisition aimed for up to 25,62,872 equity shares, representing 26% of the Target Company’s voting share capital. However, the ‘Actuals’ section of the Post Offer Advertisement reveals that zero shares were tendered by public shareholders. Despite the lack of tender, the Acquirer’s shareholding in Duke Offshore remains substantial. Before the agreements and public announcement, the Acquirer held 69,59,800 shares, representing 70.61% of the voting share capital. This shareholding remains unchanged following the open offer period.
Shareholding Post-Offer
As a result of the completed open offer and the ‘Underlying Transaction’ consummated on July 21, 2026, the Acquirer’s post-offer shareholding in Duke Offshore Limited stands at 69,59,800 equity shares, which constitutes 70.61% of the total voting share capital. The public shareholders’ holding is now 28,97,400 shares, representing 29.39% of the voting share capital.
The payment of consideration for any accepted shares was scheduled for August 26, 2026. This post-offer advertisement ensures compliance with Regulation 18(12) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Source: BSE
