Duke Offshore: Open Offer for 26% Stake at ₹30/Share

Saffron Capital Advisors Pvt Ltd, acting as the Manager to the Open Offer, has submitted a Letter of Offer (LOF) to BSE for the public shareholders of Duke Offshore Ltd. The open offer is initiated by Aspect Global Ventures Private Limited to acquire up to 25,62,872 equity shares, representing 26% of the voting share capital, at a price of ₹30 per share. The total value of the offer is ₹7,68,86,160. This open offer is being made in compliance with SEBI (SAST) Regulations, 2011, for substantial acquisition of shares and change in control. The offer is not conditional on minimum acceptance and no competing offer has been made.