Aspect Global Ventures launches ₹30-a-share open offer for Duke Offshore after taking 70.61% stake
Aspect Global Ventures' mandatory open offer for Duke Offshore at ₹30/share received the Independent Directors Committee's "fair and reasonable" recommendation, formalizing the post-acquisition control change under SEBI SAST. The IDC noted the stock trades above the offer price, which may limit tender participation and keep focus on secondary-market pricing. Escrow funding reduces execution risk, while board reconstitution signals near-term governance and strategy reset.
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Aspect Global Ventures has launched a mandatory open offer to buy up to 26% of Duke Offshore Limited’s voting share capital at ₹30 per equity share. The offer was triggered after Aspect Global acquired 70.61% control through a share purchase agreement signed on June 11, 2026, under SEBI’s SAST takeover rules. The tender period is scheduled to run from August 06, 2026, to August 19, 2026. The process sets an exit route for public shareholders and establishes a short-term pricing reference for Duke Offshore’s freely traded shares.