BNK Capital hits 20% upper circuit as open offer priced at Rs 200 per share

In the past two trading days, the stock has rallied 33 per cent from the level of Rs 125.05 hit on Friday

Shares of BNK Capital Markets were locked in the upper circuit of 20 per cent at Rs 166.85 on the BSE in Wednesday's trade, in an otherwise weak market, after Lebnitze Real Estates Private Limited made an open offer to acquire 2.6 million equity shares of the company at a price of Rs 200 per share. The offer price is 44 per cent above Tuesday’s closing price of Rs 139 per share on the BSE.

On Tuesday, March 30, Lebnitze Real Estates Private Limited (acquirer) and promoters of BNK Capital entered into a share purchase agreement (SPA) pursuant to