Reliance Brands Limited (RBL) and Plastic Legno SPA have signed a joint venture arrangement through which RBL will acquire a 40% stake in Plastic Legno SPA's toy manufacturing business in India.
This investment by RBL serves a dual purpose, bringing in vertical integration for RBL's toy business and helping diversify the supply chain with a long-term strategic interest in building toy manufacturing in India.
Khaitan & Co advised and assisted Reliance Brands Limited in relation to their collaboration and joint venture with Plastic Legno S.P.A and Dream Plast India Private Limited for the toy manufacturing business in India. This was the first of its kind transaction in this sector for the Reliance Group.
The core transaction team consists of Rahul Dutt (Partner), Supratim Chakraborty (Partner), Shourya Sengupta (Partner), and Sruti Baid (Senior Associate).