Trent : Agreements/Contracts/Arrangements/ MOU's PARA A
December 08, 2022 at 03:53 am EST
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8th December 2022
To
To
Listing Department
Listing Department
The National Stock Exchange of India Limited
BSE Limited
Exchange Plaza,
Phiroze Jeejeebhoy Towers,
Bandra-Kurla Complex, Bandra (East),
Dalal Street,
Mumbai 400051
Mumbai 400001
Symbol: TRENT
Scrip Code: 500251
Dear Sir / Madam,
Subject: Intimation of sale of investment
Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 ('Listing Regulations'), it is informed that the Company has signed a definitive agreement with Tata Industries Limited, Tata Unistore Limited ('TUL') and Tata Digital Private Limited ('TDPL') dated 8th December 2022 to divest its stake of approximately 3.22% (on a fully diluted basis) held in TUL to TDPL.
The disclosure as required under Schedule III of the Listing Regulations read with SEBI Circular No. CIR/CFO/CMD/4/2015 dated 9th September 2015 is also enclosed as 'Annexure 1' to this letter.
Trent Ltd. published this content on 08 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 December 2022 08:52:00 UTC.
Trent Limited is an India-based company, which is engaged in the business of retailing / trading of merchandise. The Company is engaged in retailing / trading of apparels, footwear, accessories, toys, games others. It operates through Westside, Zudio, Utsa, StarHypermarket, Landmark, Misbu / Xcite, Booker Wholesale and ZARA retail formats. Its flagship format, Westside offers apparel, footwear and accessories for men, women, and children, along with furnishings, decor, and a range of home accessories. Its family entertainment format, Landmark offers a range of toys, front list books and sports merchandise. Its value retail format, Zudio caters to apparels and footwear for men, women, and children. Its modern Indian lifestyle format, Utsa offers ethnic apparel, beauty products and accessories. The Company's hypermarket and supermarket store chain operating under Star Market concept offers an assortment of products, including staples, beverages, health, and beauty products.