On June 23, US private equity firm TPG Capital sold an 11.25% stake in Landmark Cars for Rs 293 crore in a block deal. Through the deal, TPG Global exited the company by selling 4.46 million shares at Rs 658 per share.

Sanjay Karsandas Thakker (Huf) sold 560,000 shares or 1.41% stake in Landmark Cars worth Rs 36.85 crore.

Several entities bought shares in the company, such as Goldman Sachs, Societe Generale, Unifi Capital, Abakkus Asset Manager LLP, 3P India Equity Fund 1 and ICICI Prudential.

Earlier Monday, TPG sold 9.92 million shares, or a 2.65% stake, in Shriram Finance at Rs 1,401 each, valuing the overall deal at Rs 1,390 crore.

Shares of Landmark Motors rose 10% intraday to close at Rs 727 on the BSE. Its market capitalisation is Rs 29,194 crore. Landmark Cars returned 6% in one month and nearly 60% since its IPO in December 2022.