TPG Capital has sold its entire 11.25 per cent stake in automobile dealership chain Landmark Cars for Rs 293 crore through an open market transaction. With this transaction, TPG has exited the automobile dealership company.
TPG through its affiliate TPG Growth II SF divested a total of 44.56 lakh shares, amounting to an 11.25 per cent stake in Landmark Cars. The transaction took place at Rs 658 per share, aggregating the transaction size to Rs 293 crore.
Landmark Cars is a leading premium automotive retail business in India with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen and Renault.
| Company Name | CMP |
|---|---|
| Popular Vehicles | 99.14 |
| Competent Auto | 374.55 |
| Landmark Cars | 426.85 |
| CarTrade Tech | 1857.00 |
| Resourceful Auto. | 39.00 |
| View more.. | |
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