Suumaya Industries Limited (NSEI:SUULD) agreed to acquire an additional 36% stake in Suumaya Trends Private Limited on May 30, 2022. as per the announcement Suumaya Trends Private Limited was already an subsidiary and after this transaction it will become a wholly owned subsidiary. Nature of consideration is cash. as of December 31, 2021 the turnover of Suumaya Trends was approximately 51 million. Suumaya Industries Limited's board of directors have approved the deal. the transaction is expected to close on or before June 30, 2022.