Landmark Cars files Rs 762 crore IPO papers with SEBI
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Landmark Cars has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise up to Rs 762 crore through an initial public offering (IPO).
Proceeds from its fresh issuance worth Rs 120 crore will be utilised for payment of debt and general corporate purposes. Axis Capital and ICICI Securities are the book running lead managers to the issue.
Landmark Cars is a leading premium automotive retail business in India with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen and Renault.
