KV Toys to acquire 50% stake in Play Panda for ₹45M, entering STEM toys segment
KV Toys India signed a binding term sheet to pick up a 50% stake in Play Panda for up to ₹45 million. The deal pairs Play Panda's educational and STEM product portfolio with KV Toys' manufacturing and distribution muscle, marking its formal entry into one of India's fastest-growing toy categories.
KV Toys India signed a binding term sheet to acquire a 50% stake in Play Panda for up to ₹45 million, entering the educational and STEM toys segment by combining Play Panda's product innovation with KV Toys' manufacturing and distribution scale.