Trent to divest Netria Property stake to TreBits trust for ₹11.25 a share

The divestment in numbers

What the term sheet covers

Nahar entered into the binding term sheet on 22 Oct 2026 with TreBits Investment Trust, a Small and Medium Real Estate Investment Trust registered with SEBI. It covers the divestment of Nahar's entire 100% shareholding in Netria Property Holdings Limited, which was incorporated on 4 Sep 2025.

Once the transfer completes, Netria will cease to be a subsidiary of Nahar and therefore of Trent. The company says it proposes to continue occupying Netria's premises under lease arrangements with the trust acting for the proposed first scheme.

Consideration and the loan repayment

The total consideration is Rs 11.25 per equity share, with a further amount of about ₹171.91 crore for loan repayment and accrued interest up to the closing date. The per-share figure rests on unaudited financials as of 30 Sep 2026 and is subject to closing adjustments for net working capital.

The filing gives no total rupee value for the sale, and does not state the number of Netria shares held, so the per-share price cannot be turned into a total from the filing alone.

Conditions before completion

The Share Purchase Agreement has not been executed; the company says it will be disclosed on execution. The deal is subject to the definitive documents and to completion of the initial public offer of the trust's first scheme, and the expected completion date depends on those steps.

What the divestment means for Trent's shareholders

Trent's subsidiary is to exit Netria, and the company will keep occupying the premises under a lease. The filing does not say what Netria contributes to Trent's revenue or net worth, what the lease rent will be, why the divestment is being made, or what effect it will have on Trent's results. The next step is the execution of the Share Purchase Agreement, which has no date yet.

Reference: Original filing (PDF)