Deep Onshore Services Private Limited entered into a letter of interest to acquire Assets of Dolphin Offshore Enterprises (India) Limited (BSE:522261) on February 7, 2022. The deal is subject to obtaining necessary approval from NCLT and Bankruptcy court. As of September 29, 2022 NCLT approved the deal.

Deep Onshore Services Private Limited completed the acquisition of Assets of Dolphin Offshore Enterprises (India) Limited (BSE:522261) on January 2, 2023. Deep Onshore Services Private Limited has made full and final payment in terms of approved resolution plan and acquired management control over Dolphin Offshore Enterprise.