Ricoh India cuts coupon, extends maturity of Rs. 2 billion notes

By Tali Rackner

Minneapolis, Sept. 1 – Ricoh India Ltd. informed the Bombay Stock Exchange that its board of directors approved the restructuring of its Rs. 2 billion of nonconvertible debentures to reduce the coupon to 7% from 7.8% and extend the maturity to Sept. 10, 2020 from Sept. 10, 2017.

The board approved the matter at its meeting on Friday.

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

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