Duke Offshore Promoters Sell 70.61% Stake for ₹208.8 Cr

Duke Offshore Ltd announced that its promoters, Mr. Albert Donald Duke, Mr. Avik George Duke, and Ms. Komal Duke, have entered into a Share Purchase Agreement (SPA) dated June 11, 2026, to sell an aggregate of 69,59,800 equity shares, representing 70.61% of the company's voting share capital, to Aspect Global Ventures Private Limited. The transaction is valued at ₹30 per share, totaling ₹208.8 crore. The sale is subject to certain conditions outlined in the SPA. Following this agreement, the acquirer is obligated to make an Open Offer to the public shareholders of Duke Offshore Ltd as per SEBI (SAST) Regulations, 2011. The change in control and management of the company is contemplated post-transaction.