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Trent to divest stake in Tata Unistore

08 Dec 2022 Evaluate

Trent has signed a definitive agreement with Tata Industries, Tata Unistore (TUL) and Tata Digital (TDPL) on December 08, 2022 to divest its stake of around 3.22% (on a fully diluted basis) held in TUL to TDPL. The sale of TUL equity shares to TDPL is for consideration other than cash in the form of Compulsorily Convertible Preference Shares of TDPL.

Trent is engaged in the retail sale of readymade garments.

Peers
Company Name CMP
Avenue Supermarts 3183.20
Trent 2866.00
Vishal Mega Mart 86.70
PN Gadgil Jewellers 584.90
Aditya Birla Life 71.05
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