homemarket NewsLandmark Cars Block Deal: Equity worth Rs 293 crore changes hands, TPG Capital likely seller

Landmark Cars Block Deal: Equity worth Rs 293 crore changes hands, TPG Capital likely seller

CNBC Awaaz reported on Thursday, citing sources, that TPG Capital will sell 11 percent stake in the auto retailer via block deal on June 23. TPG Capital will cease to hold stake in the company after the deal.

Profile image

By Asmita Pant  Jun 23, 2023 9:33:46 AM IST (Updated)

Listen to the Article(6 Minutes)
1 Min Read
Landmark Cars Block Deal: Equity worth Rs 293 crore changes hands, TPG Capital likely seller
Shares of Landmark Cars changed hands in a block deal on Friday. As many as 44.56 lakh shares worth 293 crore changed hands in the block deal window at Rs 658 per share. The buyers and sellers in the deal are not known.

Share Market Live

View All

CNBC Awaaz reported on Thursday, citing sources, that TPG Capital will sell 11 percent stake in the auto retailer via block deal on June 23. TPG Capital will cease to hold stake in the company after the deal.
According to the report, sources said the stake sale will be at a discount of 0-5 percent to the current market price. ICICI Securities was the sole broker for the transaction, reports suggest.
Landmark Cars made a tepid listed on the bourses on December 23, 2022.
Landmark Cars is doing business with Mercedes Benz, Jeep, Volkswagen, etc.  The auto dealer reported a revenue growth of 36 percent year-on-year at Rs 4,594 crore in the financial year 2022-23 driven by new model launches by OEM partners and preference towards luxury vehicles.

Most Read

Share Market Live

View All
Top GainersTop Losers
CurrencyCommodities
CurrencyPriceChange%Change