1. selling off or getting rid of business assets, investments, or subsidiaries
Usage: business/finance
2. removing or stripping away something, especially clothing or possessions
Usage: formal

Examples

• The company is divesting its overseas operations to focus on domestic markets.
• Investors are divesting from fossil fuel companies due to environmental concerns.
• The university is divesting its endowment from tobacco stocks.
• She began divesting herself of unnecessary possessions before the move.
• The corporation announced it was divesting three unprofitable divisions.
• Many pension funds are divesting from weapons manufacturers.