Trent : Agreements/Contracts/Arrangements/ MOU's PARA A

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.

Thanking you,

Yours faithfully,

For Trent Limited

MEHERNOSH MIRZBAN SURTI

Digitally signed by

MEHERNOSH MIRZBAN SURTI Date: 2022.12.08 11:30:09 +05'30'

M. M. Surti Company Secretary

				Annexure 1
S.No.	Particulars		Details
1.	Name of target entity, details in brief	Name of the entity : Tata Unistore
	such as size, turnover etc.,	Limited ('TUL')
				Turnover as on 31.03.2022:
				Rs. 845 Crores
2.	whether the sale would fall within	The sale of equity shares of TUL to Tata
	related	party	transaction(s) and	Digital Private Limited ('TDPL') is a
	whether	the	promoter/ promoter	related party transaction. TDPL is a
	group/ group companies have any	promoter group company.
	interest in the entity being sold? If yes,
	nature of interest and details thereof	The proposed transaction is at arm's
	and whether the same is done at "arms	length basis an independent valuation
	length";			exercise.
3.	Industry to which the entity being sold	TUL is engaged in the business of
	belongs;			operating an e-commerce business
				under the brand names 'Tata CLiQ' and
				'Tata CLiQ Luxury'
4.	Objects and effects of sale (including	Sale of investment in ordinary course of
	but not limited to, disclosure of	business
	reasons for sale of target entity, if its
	business is outside the main line of
	business of the listed entity);
5.	Brief details of any governmental or	Not Applicable
	regulatory approvals required for the
	sale;
6.	Indicative time period for completion	On or before 15th December 2022 or such
	of the transaction	other date as may be mutually agreed
				between the parties
7.	Nature of consideration - whether	The sale of TUL equity shares to TDPL is
	cash consideration or share swap and	for consideration other than cash in the
	details of the same;	form of Compulsorily Convertible
				Preference Shares of TDPL
8.	Price at which the shares are to be	In the region of Rs. 24.14 Crores
	sold;
9.	percentage of shareholding / control	Approximately 3.22% shareholding of
	to be sold and / or number of shares	TUL on a fully diluted basis
	to be sold;
10.	Brief background about the entity being sold:
	Line of business		TUL is engaged in the business of
				operating an e-commerce business
				under the brand names 'Tata CLiQ' and
				'Tata CLiQ Luxury'

	Date of incorporation	13.08.2007
	History of last 3 years turnover	As on 31.03.2022: Rs. 845 Crores
		As on 31.03.2021: Rs. 357 Crores
		As on 31.03.2020: Rs. 225 Crores
	country in which the entity has	India
	presence and any other significant
	information (in brief)