Duke Offshore Ltd — Important, 01-01-1970: Company Update

Aspect Global Ventures has launched an open offer to acquire Duke Offshore Limited. Aspect Global previously acquired a 70.61% stake from promoters for ₹20.88 Crore at ₹30 per share, triggering this mandatory offer for an additional 26% from public shareholders, valuing this portion at ₹7.69 Crore. Post-acquisition, Aspect Global has taken management control and plans to review business operations for potential diversification or expansion, while maintaining the current workforce. The offer price of ₹30 is above the recent market average. Duke Offshore's independent directors will provide their assessment to public shareholders. Aspect Global holds strong financials with ₹661.46 Crore net worth and ₹160.63 Crore in liquid assets.