Striders Impex Secures Merchandise License Agreement with Hasbro Consumer Products Licensing Limited
Striders Impex Limited has entered into a Merchandise License Agreement with Hasbro Consumer Products Licensing Limited, securing rights to manufacture, market, distribute, and sell various licensed products in India. The agreement grants the company exclusive licensing rights within the Indian market for specific properties.Under the terms of the agreement, Striders Impex Limited holds the non-exclusive right to utilize Licensed Properties including Peppa Pig, Play-DOH, My Little Pony, and Transformers. These licenses cover the development, design, manufacture, distribution, and sale of licensed articles and marketing materials in India for the duration of the contract.
The Merchandise License Agreement establishes Striders Impex Limited as the licensee regarding games, toys, stationery, merchandise, and other related products. The agreement is set to run until December 31, 2029.
As per the details provided, the partnership between the two entities involves no financial investment from either side, and neither party has any shareholding in the other. Furthermore, the transaction does not constitute a related party transaction.
STRIDERS Stock Price Movement
Striders Impex Limited shares edged higher in the post-market session today, closing at ₹56.5 after gaining 2.73%. The company's stock saw a total traded volume of 6,400 shares during the reporting period.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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