The transaction is expected to be completed on or before December 15.
Trent Ltd., the retail arm of Tata Group, has entered into a definitive agreement with three Tata Group companies to sell its stake held in Tata Unistore to the promoter group company Tata Digital.
In a filing to the bourses on Thursday, the Tata Group retailer, which runs the Westside retail fashion chain, informed of signing an agreement between Tata Industries, Tata Unistore (TUL) and Tata Digital (TDPL) to divest its stake of nearly 3.22 percent held in TUL to TDPL on a fully diluted basis.
The transaction is expected to be…
