White Organic Retail Ltd - 542667 - White Organic Retail Ltd Gearing Up For Synergy With 'Suumaya Group'
White Organic Retail Ltd (WORL), an integrated Organic Foods player offering end-to-end solutions to its customers. The company has built a robust value chain right from contract / leased farming to supply chain management to direct consumers. The promoters of WORL sold their 55.01% holdings to Suumaya Industries Limited wholly-owned subsidiary - 'Suumaya Retail Ltd.' Through this acquisition, Suumaya Industries Ltd an emerging Diversified Conglomerate Group has marked its footprint into Food & Beverages Retail business through inorganic route. Updating on the acquisition status, Mr. Darshak Rupani, MD of White Organic Retail Ltd said, 'The acquisition of WORL by the wholly-owned subsidiary of SIL is nearing completion. We are awaiting few final regulatory approvals and the entire deal would be closed soon. In the intermittent period, we are working rigorously for smooth vesting of management control to the acquirer and at the same time ensuring business continuity.'28-09-2021