Duke Offshore Promoters Sell 70.61% Stake for Rs 30/Share, Triggering Open Offer

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AuthorVihaan Mehta|Published at:
Duke Offshore Promoters Sell 70.61% Stake for Rs 30/Share, Triggering Open Offer

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Duke Offshore's promoters are selling their 70.61% stake to Aspect Global Ventures for Rs 30 per share. This change in control triggers a mandatory open offer to public shareholders and imposes interim operational restrictions.

Duke Offshore Sees Complete Ownership Change

Promoters sell 70.61% stake for Rs 30 per share, triggering mandatory open offer.

Reader Takeaway: Full promoter exit offers exit to public shareholders, but interim restrictions cap growth initiatives.

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Disclaimer:This article is published for informational purposes only. While reasonable efforts are made to ensure accuracy, completeness, and timeliness, readers are encouraged to independently verify information before making any decisions based on the content. The views and information presented are subject to editorial review and may be updated without notice.