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The Times of India
The Times of India
Business
PTI

Reliance Brands to acquire 40% stake in Italy's Legno SPA's India toy manufacturing business

Reliance India RBL Turin Italy Hamleys New Delhi

NEW DELHI: Reliance Brands Ltd (RBL) on Wednesday announced that it has entered into a JV with Italian toy manufacturing company Plastic Legno SPA by acquiring a 40 per cent stake in its India business for an undisclosed amount.

This investment would help RBL in bringing in vertical integration for its toy business and diversify the supply chain with a long-term strategic interest in building toy manufacturing in India, a joint statement said.

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