TVS Shriram Growth Fund-I has taken a 25 per cent stake in Chennai-based Landmark Ltd, a leading book and music retail chain in India, and a subsidiary of Trent Ltd, by investing around Rs 65 crore.
The proposed investment would mainly fund Landmark’s expansion plan. Landmark currently operates over 20 stores, many of which are large format ones across leading cities, with a total retail space of 200,000 sq ft.
Landmark started as a Chennai-based company, established in 1987 as a book store at Apex Plaza in Chennai. Landmark operates stores across multiple formats, including ‘Big-Box’ stores in metros, airport and hotel stores.