Need an API to transfer subgroups to a different parent group

Problem to solve

Make an API available to move subgroups to different parent group.

Further details

The feature to move a subgroup to a different parent is only available through the UI. It would be extremely helpful to manage that through API

Proposal

Make a group transfer API available which honors appropriate gitlab permission of group owner (or maintainer?) which could be used to move/transfer subgroups to a different parent group.

What does success look like, and how can we measure that?

API being available in future release of gitlab

Links / references

Support ticket : https://support.gitlab.com/hc/en-us/requests/102525