Ricoh India to issue nonconvertible debentures via private placement

By Tali Rackner

Norfolk, Va., July 1 – Ricoh India Ltd. informed the Bombay Stock Exchange that its board of directors met on Tuesday and approved the issue of nonconvertible debentures by way of private placement.

The board also decided to conduct a postal ballot seeking approval on the following matters:

• To authorize the board to borrow money in excess of aggregate of paid-up share capital and free reserves of the company up to Rs. 3 billion; and

• To authorize the board to create charge/mortgage on the assets of the company to secure borrowings of money up to Rs. 3 billion.

Ricoh India offers office automation products and is based in New Delhi.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.