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TPG-backed auto dealership chain Landmark Cars to raise over Rs.800-Cr via IPO

Economic Times  

Automobile dealership chain Landmark Cars Ltd plans to file a draft red herring prospectus in the coming weeks to raise over INR 800 crore through an IPO. Axis Capital and ICICI Securities have been appointed as the lead managers for the proposed issue. TPG-backed Landmark Cars is a seller of premium vehicles of automakers Mercedes Benz, Volkswagen, Honda and Fiat Chrysler. It may be among the first automotive dealership companies in India to float an IPO. It is also the first automotive dealership company to receive private equity investment.