Reliance Brands to acquire a 40% stake in the India's toy manufacturing business of Plastic Legno.

Reliance Brands, a subsidiary of Reliance Retail Ventures, agreed to acquire a 40% stake in the India's toy manufacturing business of Plastic Legno, a toy production company. “Keeping with our honourable Prime Minister’s vision of Atmanirbhar India, this collaboration with Plastic Legno’s deep experience in world-class toy manufacturing coupled with our strong footing in the global toy retail industry would open new doors and unparalleled opportunities for toys manufactured in India. It is imperative for RBL to build design to shelf capability for a strategic advantage over the competition and to be an accelerator in building a robust toy manufacturing ecosystem in India not only for domestic consumption but also for global markets,” Reliance Brands.