K.V. Toys India Ltd to Acquire 65% Stake in Crayonix Stationery Private Limited for Rs 65000/-

K.V. Toys India Ltd, a leading company in the manufacturing of toys, has announced its decision to acquire a 65% stake in Crayonix Stationery Private Limited for Rs 65000/- in cash. The proposed subsidiary company is engaged in the manufacturing of stationery items and gift sets. This acquisition is strategically aimed at expanding the Company's presence in the stationery and gifting market, establishing in-house manufacturing capabilities, expanding its product portfolio, and creating opportunities for sustainable revenue growth. The transaction is expected to be completed within 2 months, subject to the completion of customary conditions and receipt of necessary statutory and regulatory approvals. The proposed subsidiary company had a turnover of Not Applicable in Rupees lakhs and is based in India.