Duke Offshore Ltd. (DUKEOFS) — Tipsheet https://tipsheet.markets/company/dukeofs/ Every Tipsheet Editorial note covering Duke Offshore Ltd. (DUKEOFS), newest first. Grounded in BSE/NSE primary-source filings. en-in Mon, 06 Jul 2026 10:22:47 GMT Duke Offshore's promoters sell out to Aspect Global for ₹20.87 cr https://tipsheet.markets/dukeofs-duke-offshore-s-promoters-sell-out-to-aspect-global-for-20-87-cr-107746/ https://tipsheet.markets/dukeofs-duke-offshore-s-promoters-sell-out-to-aspect-global-for-20-87-cr-107746/ Thu, 11 Jun 2026 17:25:48 GMT Aspect Global is buying the Duke family's entire 70.61% stake and making a public offer for another 26% at ₹30 a share. The combined price dwarfs the company's market cap. Aspect Global is buying the Duke family's entire 70.61% stake and making a public offer for another 26% at ₹30 a share. The combined price dwarfs the company's market cap.

What’s new

  • Aspect Global Ventures is buying the promoters' entire 70.61% stake for ₹20.87 crore.
  • The acquirer is making a concurrent open offer for up to 26% at ₹30 per share.
  • The selling promoters (George Albert Duke, Avik George Duke, Komal Duke) are exiting completely.

Why it matters

This is a full change of control for a nano-cap company. The combined consideration of nearly ₹28.6 crore is described as exceeding 175% of the company's ₹17 crore market cap, a massive premium. The new owner is taking over a business whose trailing profit is shrinking.

What we’re watching

  • The open offer response from public shareholders at the ₹30 price.
  • Operational and strategic changes under the new ownership.
  • The final settlement of the promoters' exit.

The full read

Aspect Global Ventures is paying ₹20.87 crore to wipe out Duke Offshore's existing promoter group. The deal includes a simultaneous open offer for another 26% at ₹30 apiece. The filing states the combined consideration is nearly ₹28.6 crore, which is described as exceeding 175% of the company's ₹17 crore market cap. The sellers, the Duke family, are walking away entirely. For a company whose trailing profit fell 24.4%, this is a clean break. The incoming owner, led by Sukumar Shetty's trusts, has the cash and has removed the minimum acceptance condition. The offer is set. The price is set. What remains is how many public shareholders take the money.

Primary source: BSE · NSE

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