Reliance Brands and Plastic Legno SPA have signed a joint venture arrangement through which the former will acquire a 40 per cent stake in the latter s toy manufacturing business in India.This investment by Reliance Brands serves a dual purpose .
Reliance Brands Limited (RBL), a subsidiary of Reliance Retail Ventures Ltd, has signed a joint venture arrangement with Plastic Legno S.p.A. through which it will acquire a 40% stake in the Italian company's toy manufacturing business in India.
Reliance Brands Limited (RBL) said on Wednesday it has signed a joint venture (JV) agreement with Plastic Legno through which it will acquire a 40 per cent stake in Italian firm s toy manufacturing business in India.