Lebnitze Real Estates Private Limited will acquire 2.6 million shares at INR 200 per share in cash. In a related transaction, Lebnitze Lebnitze Real Estates Private Limited made an offer to acquire 26% stake in BNK Capital Markets Limited (BSE:500069) for INR 520 million on March 30, 2021. Real Estates Private Limited entered into a share purchase agreement to acquire 59.69% stake in BNK Capital Markets Limited. Lebnitze Real Estates Private Limited has adequate financial resources to meet its obligations under the offer and has made firm financial arrangements for financing the acquisition of the shares tendered in the open offer. The transaction is subject to receipt of statutory approvals. The offer is not subject to any minimum level of acceptance. BNK Capital Markets Limited has established a committee of independent directors consists of Dipendra Nath Chunder, Heena Gorsia and Murali Lal Khaitan, who is of the opinion that the offer is fair and reasonable and unanimously recommends shareholders to accept the offer. The offer is expected to be closed by June 10, 2021. As of July 22, 2021, the offer will open on July 28, 2021 and to close on August 10, 2021. Ajay K. Laddha of Sumedha Fiscal Services Limited acted as financial advisor to Lebnitze Real Estates Private Limited. Subhabrata Biswas of C.B. Management Services Private Limited acted as registrar to Lebnitze Real Estates Private Limited. Jha Yadav & Co. acted as accountant to committee of independent directors of BNK Capital Markets Limited. Lebnitze Real Estates Private Limited completed the acquisition of 22.9% stake in BNK Capital Markets Limited (BSE:500069) for approximately INR 460 million on August 10, 2021. As per terms of transaction, Lebnitze Real Estates Private Limited acquired 2.292079 million shares. Consideration paid on August 20, 2021.