Ricoh India Ltd cancels 10959792 shares

The Board of Directors of Ricoh India Ltd in their meeting held on October 15, 2016, have taken on record the cancellation of 10,959,792 equity shares held by NRG Group Ltd (co-promoter of Ricoh India Ltd) in Ricoh India Ltd and approved the allotment of 10,959,792 Equity shares of INR 1024.65 each including premium to NRG Group Ltd on Preferential basis.

Source : Equity Bulls

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