Suditi Industries Ltd Completes 50% Acquisition of SAA & Suditi Retail

Suditi Industries Ltd has successfully completed the acquisition of 50% equity shareholding in SAA & Suditi Retail Private Limited, making it a wholly-owned subsidiary. The acquisition was done at an arm’s length basis through the acquisition of Equity Shares from Project Anushka Sharma Lifestyles Private Limited. The cost of acquisition was Rs. 5,000/-. SAA & Suditi Retail is engaged in the manufacturing of all types of textile garments and clothing accessories, with a history of increasing turnover over the last 3 years.