Reliance Brands to take stake in Plastic Legno’s Indian toy manufacturing business
Reliance Brands Limited (RBL) has agreed to acquire a stake of 40% in the Indian toy manufacturing business of Italy-based Plastic Legno for an undisclosed price. The two companies will subsequently create a toy manufacturing joint venture. According to Reliance Brands, the investment serves a dual purpose and brings vertical integration to its own toy […]