mahārājaḥ great king, bharatāya to Bharata, yauvarājyam status of heir-apparent, prayacchati is conferring, māṅ punaḥ for me again, tāpasam like an ascetic, daṇḍakāraṇyē in Dandaka forest, vivāsayati sending in exile.
The great king is conferring the status of heir-apparent on Bharata while he is banishing me to Dandaka forest to live like an ascetic.