Landmark Cars shares were trading in the green and 2% higher on 21 December after Bajaj Finance sold 3.2 lakh shares in the company.

The non-banking finance giant sold 3.3 lakh shares of the company for an average price of Rs 805.58 per share, taking the total deal value to Rs 25.77 crore.

This is not the first time Bajaj Finance sold a stake in the luxury car retailer. Earlier in June, it had offloaded another 2.25 lakh equity shares of the company.

Earlier this month, the company announced its entry into the South India market by receiving approval from Mercedes-Benz India to open a workshop in Hyderabad.

Sanjay Thakker, promoter and chairman of Landmark Cars, said, “It is very exciting that Landmark will break ground in its tenth Indian state with this workshop. We are happy to further grow our footprint to 21 Mercedes-Benz outlets within five states of India.”

The company is involved in the business of dealerships for premium and luxury cars and is operating in 29 cities across eight state and union territories.

At 12:45 pm, the shares of Landmark Cars were trading 2.94% higher at Rs 801.95 on NSE.