Private equity firms, ADV Partners and Premji Invest to acquire a majority stake in Micro Plastics, a manufacturer of plastic products, for c. $70m. This investment will catalyse the next stage of MPPL’s growth plans by supporting significant expansion and development of new manufacturing facilities to cater to increasing demand from customers. “We are very excited to bring ADV and Premji Invest onboard as our investors to chart MPPL’s next phase of growth. The toy sector in India holds a lot of potential both on the export and domestic fronts. MPPL has emerged as a key Indian contract manufacturer for leading global brands and we look to build these relationships further. We also look forward to broadening our footprint in consumer goods, healthcare, and sports among other sectors,” Vijendra Babu, MPPL Founder and Managing Director.