Trent Limited has announced that its wholly-owned subsidiary, Nahar Retail Trading Services Limited, has entered into a binding term sheet to divest its entire shareholding (100%) in its wholly-owned subsidiary, Netria Property Holdings Limited. The transaction, valued at ₹11.25 per equity share, is subject to definitive agreements and the completion of the buyer’s initial public offer. Upon completion, Netria will cease to be a subsidiary of Trent.
Strategic Divestment of Subsidiary
Trent Limited has disclosed a significant strategic move involving the divestment of one of its subsidiaries. Through its wholly-owned subsidiary, Nahar Retail Trading Services Limited, the company has entered into a binding term sheet dated 22nd October 2026. This agreement pertains to the proposed divestment of its entire 100% shareholding in Netria Property Holdings Limited.
Transaction Details and Value
The transaction is structured around the sale of Netria Property Holdings Limited to TreBits Investment Trust. The total consideration expected upon completion of the sale is Rs 11.25 per equity share. This valuation is based on unaudited financials as of September 30, 2026. The final consideration will be subject to closing adjustments for net working capital as of the closing date. Additionally, outstanding loans aggregating approximately ₹171.91 crore, along with accrued interest up to the closing date, will be repaid as part of the transaction.
Future Implications for Trent
Following the completion of this proposed transfer, Netria Property Holdings Limited will no longer be a subsidiary of Nahar Retail Trading Services Limited, and consequently, it will cease to be a subsidiary of Trent Limited. The company has indicated its intention to continue occupying the premises currently owned by Netria through appropriate lease arrangements with the Trust, which will be acting on behalf of its proposed first scheme. This divestment represents a strategic portfolio adjustment for Trent Limited.
Buyer Information
The buyer in this transaction is TreBits Investment Trust, acting through its designated management entity. Importantly, the buyers are not affiliated with Trent’s promoter, promoter group, or any group companies, ensuring the transaction is conducted at arm’s length.
Transaction Timeline and Conditions
The completion of the sale is contingent upon the execution of definitive transaction documents and the successful completion of the initial public offer (IPO) for the proposed first scheme of the TreBits Investment Trust. The exact date of completion is therefore linked to these upcoming milestones.
Source: BSE
