Bunnys Limited agreed to acquire Moonlite (Pak) Limited in a reverse merger transaction on April 8, 2016. Moonlite will issue one share for one share each of Bunnys Limited. Moonlite will take employees of Bunnys Limited who accept the employment.

Upon completion, name of Moonlite will be renamed as Bunnys Limited. The transaction is subject to approval of the Registrar of Companies, Securities and Exchange Commission of Pakistan. The Board of Director of Bunny's approved the deal on April 8, 2016.

The Board of Director of Moonlite unanimously approved the deal on April 18, 2016. The share holders of Moonlight approved the deal in an extraordinary general meeting held on June 18, 2016. The deal is subject to sanctioning of the scheme by the Lahore High Court.

On January 8, 2018, Lahore High Court sanctioned the transaction.