By acquiring full ownership of LCEPL, Landmark Cars aims to streamline its operations and enhance synergies across its premium automotive retail business in India.Landmark Cars Ltd. has announced the acquisition of the remaining 17 per cent stake in its subsidiary, Landmark Cars (East) Private Limited (LCEPL), thereby making it a wholly owned subsidiary. The acquisition, which is expected to be completed within a week subject to closing conditions, involves the purchase of 1,70,000 equity shares.
As per company’s regulatory filings, of these, 1,50,000 shares (15 per cent) will be acquired from Autocity Services Private Limited for ₹12.50 crore, while 1 per cent each will be acquired from promoter Sanjay Thakker and Ami Thakker for ₹83.33 lakh apiece.
LCEPL, incorporated on 10 January 2013, operates Mercedes-Benz dealerships across West Bengal and Sikkim. It is engaged in the sale and after-sales service of Mercedes-Benz vehicles. The company reported revenue of ₹10,522.02 lakh and a profit before tax of ₹1,188.66 lakh for FY 2024-25.
By acquiring full ownership of LCEPL, Landmark Cars aims to streamline its operations and enhance synergies across its premium automotive retail business in India.
