Landmark Cars Ltd to Acquire Remaining 17% Stake in Landmark Cars (East) Private Ltd for Rs. 12.50 Crore

Landmark Cars Limited has entered into a Share Purchase Agreement to acquire the remaining 17% equity shares of Landmark Cars (East) Private Limited from Autocity Services Private Limited, Mr. Sanjay Thakker and Mrs. Ami Thakker. Upon completion of the acquisition, Landmark Cars (East) Private Limited will become a wholly owned subsidiary of the Company. The acquisition is a related party transaction and is expected to be completed within one week. The cost of acquisition is Rs. 12.50 Crore for the 17% stake in Landmark Cars (East) Private Limited.