Candytoy Corporate plans Rs 90 crore stake divestment at Rs 900 crore valuation, targeting Rs 450 crore turnover by next fiscal year.

Candytoy Corporate, a candy toy manufacturer for big brands like Colgate, Puma, and MTR, plans to achieve Rs 450 crore turnover by next fiscal year, raising Rs 90 crore through 10% stake divestment at a Rs 900 crore valuation. It aims to expand into inflatables and bubble water toys and plans to list on the stock exchange in three years. The company currently has a Rs 250 crore turnover, experiencing 30% year-over-year growth in orders, and operates in India, exporting to over 35 countries worldwide.

August 25, 2024
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