Ricoh India Ltd approves preferential issue to NRG Group Ltd

The Board of Directors of Ricoh India Ltd in their meeting held on September 07, 2016, have approved the cancellation of Shareholding of NRG Group Limited, one of the Promoters of Ricoh India Limited, subject to the approval of the Shareholders of the Company.

The Board also approved the proposed issue of Equity shares of the Company on Preferential basis through Private Placement to NRG Group Limited, one of the Promoters of Ricoh India Limited subject to approval of the shareholders of the Company.

Source : Equity Bulls

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