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Landmark Cars inks pact to acquire remaining 17% stake in Landmark Cars (East)

07 Oct 2025 Evaluate

Landmark Cars has entered into a share purchase agreement for the acquisition of the remaining 17% equity shares of Landmark Cars (East) (LCEPL) from Autocity Services,  Sanjay Thakker and Ami Thakker. The company will acquire 15% stake from Autocity Services at a cost of Rs 12.50 crore. Further, the 2% stake will be acquired from Sanjay Thakker and Ami Thakker (each holding 1%) at cost of around Rs 1.66 crore (Rs 83.33 lakh for each 1%).

LCEPL is engaged in the business of Sale and after Sale Services of Mercedes-Benz brand of cars. Upon completion of the acquisition, Landmark Cars (East) will become a wholly owned subsidiary of the company. The acquisition is expected to be completed within the period of one week.

Landmark Cars is a leading premium automotive retail business in India with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen and Renault.

Landmark Cars Share Price

402.90 -6.05 (-1.48%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Popular Vehicles 113.00
Competent Auto 387.80
Landmark Cars 402.90
CarTrade Tech 1953.40
Resourceful Auto. 49.00
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