The stake sale comes on the back of significant underperformance seen in the stock. The stock has plunged 41% over a 1-year period and is currently trading below its 50-day and 200-day simple moving averages.
In another bulk deal, French multinational bank BNP Paribas bought over 10 lakh shares in Bajaj Consumer Care Limited in a deal valued at over Rs 28 crore. BNP bough these shares through its investment arm BNP Paribas Financial Markets.
Also Read: RBL Bank bulk deal: BNP Paribas sells 60 lakh shares worth Rs 178 crore; BofA picks up stake
Landmark Cars
Goldman Sachs sold Landmark Cars’ shares at a price of Rs 361 apiece, a 2% discount over the Wednesday closing price of Rs 368.35. Goldman’s 13.75 lakh shares represented 3.32% equity in the company as on December 31, 2025.
Meanwhile, UK-based Polar Capital Funds, which held a 1.33% stake or 5.49 lakh shares in Landmark Cars as of December 31, 2025 through its Asian Stars Fund, has pared its holding to below 1% following the transaction.Shares of Landmark Cars today ended at Rs 361.65, down by Rs 6.70 or 1.82% over the last closing price.
Bajaj Consumer Care
BNP Paribas Financial Markets bought shares at a price of Rs 282.46 per share, which was at a 14% premium over the last closing price of Rs 247.55. The stock today hit 20% upper circuit to settle at Rs 297.05 on the NSE, gaining by Rs 49.50.
BNP’s stake purchase comes on the back of a strong run by the stock in the past 12 months, during which Bajaj Consumer shares have rallied 62%, significantly outperforming the benchmarks Nifty (10%) and the BSE Sensex (9%).
The stock is currently trading above its 50-day and 200-day SMA of Rs 267.7 and Rs 229.1, respectively, according to Trendlyne data.
Also read: Tata Motors (CV) block deal: BNP Paribas picks up Rs 152 crore stake as Goldman Sachs sells
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