Aspect Global Ventures Acquires Over 70% Stake in Duke Offshore Limited
Aspect Global Ventures Private Limited has acquired a substantial stake in Duke Offshore Limited through the consummation of a Share Purchase Agreement. The acquisition was finalized on July 21, 2026, following an agreement executed between the Acquirer and the sellers on June 11, 2026.The transaction resulted in Aspect Global Ventures acquiring 69,59,800 Equity Shares of Duke Offshore Limited. This acquisition accounts for 70.61% of the total diluted share/voting capital of the company at the time of receipt of intimation. Prior to this purchase, the acquirer and associated persons holding (PACs) held nil shares or voting rights in the target company.
The mode of acquisition was determined to be an inter-se transfer via a Share Purchase Agreement executed between Aspect Global Ventures Private Limited, the sellers, and Duke Offshore Limited.
Capital Structure and Holdings Summary
A review of the transaction details highlights the changes in capital structure following the equity share acquisition. The following table provides a summary of the financial data related to the pre-acquisition state of Duke Offshore Limited:| Metric | Before Acquisition (Duke Offshore Ltd) |
|---|---|
| Equity Share Capital / Total Voting Capital | Rs. 9,85,72,000/- divided into 98,57,200 fully paid up Equity Shares of Rs. 10/- each |
Following the acquisition of shares by Aspect Global Ventures Private Limited on July 21, 2026, the total diluted share/voting capital structure remains consistent with the pre-acquisition figures:
| Metric | After Acquisition (Duke Offshore Ltd) |
|---|---|
| Equity Share Capital / Total Voting Capital | Rs. 9,85,72,000/- divided into 98,57,200 fully paid up Equity Shares of Rs. 10/- each |
Stock Price Movement
At 10:16 AM, shares of Duke Offshore are edging higher in the current market session, currently hitting ₹34.65 and marking a strong 1.97% gain. The equity is trading completely flat, with its intraday high and low both registered at ₹34.65.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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