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 executed a Share Purchase Agreement (SPA) with Aspect Global Ventures Private Limited. The promoters will sell an aggregate of 69,59,800 equity shares, representing 70.61% of the company's voting share capital, at a price of ₹30 per share. This transaction amounts to ₹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 regulations.