Trent to divest 322Percentage stake held in Tata Unistore to Tata Digital

10 Dec 2022 , 12:03 PM

Trent has signed a definitive agreement with Tata Industries Tata Unistore TUL and Tata Digital TDPL dated 8 December 2022 to divest its stake of approximately 322Percentage on a fully diluted basis held in TUL to TDPL The sale of equity shares of TUL to TDPL is a related party transaction TDPL is a promoter group company TUL is engaged in the business of operating an e-commerce business under the brand names Tata CLiQ and Tata CLiQ Luxury