Open Offer for BNK Capital Markets Ltd at Rs. 200

Lebnitze Real Estates Private Limited (hereinafter referred to as "Acquirer") having registered office at 31, Netaji Subhas Road, Kolkata, West Bengal - 700001, have entered into a share purchase Agreement dated March 30, 2021 with the Selling Promoters of the Target Company for acquisition of 59,68,857 fully paid-up equity shares constituting 59.69% of the total equity and voting share capital of BNK Capital Markets Limited (hereinafter referred to as "Target company").

Pursuant to the above acquisition, the acquirer has made an Open Offer for acquisition of up to 26,00,000 (Twenty Six Lakh) Equity Shares representing 26% of the Voting Share Capital (as defined below) of BNK Capital Markets Limited ("Target Company") from the Public Shareholders.

The Open Offer is being made at a price of INR 200/- (Indian Rupees Two Hundred Only) per Equity Share ("Offer Price"), aggregating to a total consideration of up to INR 52,00,00,000/- (Indian Rupees Fifty Two Crore Only) assuming full acceptance of the Open Offer.

Shares of BNK CAPITAL MARKETS LTD. was last trading in BSE at Rs.141 as compared to the previous close of Rs. 125.05. The total number of shares traded during the day was 17291 in over 143 trades.

The stock hit an intraday high of Rs. 144 and intraday low of 112.1. The net turnover during the day was Rs. 2360637.

Source : Equity Bulls

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