Mumbai, June 17 -- KV Toys India Limited, one of India's leading toy makers with a strong Made-in-India range, has entered into a binding term sheet to acquire a 50% stake in Play Panda Private Limited, for a consideration of up to INR 45 million. The transaction, which remains subject to the execution of definitive agreements and customary closing conditions, marks KV Toys' strategic entry into the fast-growing educational and STEM toys segment. Once completed, the deal aims to combine Play Panda's product innovation capabilities with KV Toys' manufacturing and distribution strength.

Play Panda was started to make learning fun and easy for kids. Over the last few years it has built a solid name in educational toys. Its products focus on...