Bulk deal alert: Goldman Sachs exits Landmark Cars while BNP Paribas takes stake in Bajaj Consumer

Small-cap car retailer Landmark Cars saw an exit by Goldman Sachs and a share sale by Polar Capital Funds Plc on Thursday in separate bulk deals. Goldman Sachs sold nearly 13.75 lakh shares for around Rs 50 crore, while Polar Capital Funds sold 2.51 lakh shares valued at around Rs 9.3 crore. The sale of the shares is due to the significant underperformance of the stock. The stock is down 41% over a one-year period and is currently trading below its 50- 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 worth over Rs 28 crore. BNP purchased these shares through its investment arm BNP Paribas Financial Markets.Also read: Bulk deal with RBL Bank: BNP Paribas sells 60 lakh shares worth Rs 178 crore; BofA takes over the stakes

Monumental cars

Goldman Sachs sold the shares of Landmark Cars at a price of Rs 361 each, a 2% discount to Wednesday’s closing price of Rs 368.35. Goldman’s 13.75 lakh shares represented 3.32% of the equity in the company as of December 31, 2025.

Meanwhile, UK-based Polar Capital Funds, which held 1.33% stake or 5.49 lakh shares in Landmark Cars through its Asian Stars Fund as on December 31, 2025, has reduced its stake to less than 1% after the transaction. Shares of Landmark Cars ended today at Rs 361.65, down by Rs 6.70 or 1.82% from the last close.

Bajaj Consumer Care

BNP Paribas Financial Markets bought shares at a price of Rs 282.46 per share, which was a premium of 14% over the last closing price of Rs 247.55. The stock touched 20% in the upper circuit today and settled at Rs 297.05 on the NSE, with a gain of Rs 49.50.

BNP’s stock purchase comes on the back of a strong run in the stock over the past twelve months, which has seen Bajaj Consumer shares rise 62%, significantly outperforming the benchmarks Nifty (10%) and the BSE Sensex (9%).

According to data from Trendlyne, the stock is currently trading above its 50-day and 200-day SMA of Rs 267.7 and Rs 229.1 respectively.

Also read: Tata Motors (CV) block deal: BNP Paribas to acquire Rs 152 crore stake as Goldman Sachs sells

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