Trent to divest 3.22% stake held in Tata Unistore to Tata Digital

8 Dec 2022 , 03:59 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 3.22% (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. Powered by Capital Market – Live News