The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Goldman Sachs Asset Management International & Others
LANDMARK · price
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Awaiting price reaction for this filing.
Goldman Sachs Asset Management International, along with its person acting in concert Goldman Sachs Asset Management L.P., has sold its entire 5.014% stake (20.72 lakh equity shares) in Landmark Cars Limited, reducing its holding to 0%. The bulk of the sale — 3.898% (16.16 lakh shares) — happened on January 22, 2026 via open market trades on the NSE, while another 1.099% (4.56 lakh shares) was sold in multiple tranches between October 2024 and January 21, 2026. As a result, Goldman Sachs has ceased to be a substantial shareholder of the company. The seller confirmed it does not belong to the promoter or promoter group.
A complete exit by a major global institutional investor (Goldman Sachs) is a negative signal that may weigh on the stock in the short term due to reduced institutional sponsorship and potential overhang perception. Retail investors should watch for any further institutional selling or thinning of the shareholder base.