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Suumaya Industries-led subsidiary completes acquisition in White Organic Retail

17 Feb 2022 , 04:02 PM

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Suumaya Industries Limited (Formerly known as Suumaya Lifestyle Limited) has informed to the exchanges regarding acquisition of the comapny.

In a regulatory filing, the company said that the “Suumaya Retail Limited”, the Wholly-Owned Subsidiary of the Company has completed the acquisition of controlling stake by acquiring constituting 55.01% stake in White Organic Retail Limited (WORL) on February 16, 2022 except 4 shares, transfer of which is under process.

On Thursday, Suumaya Industries ended at Rs307.50 per piece lower by 2.25% on Sensex.

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