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Ricoh India rises on plan to acquire DTG Manufacturer AnaJet

11 Jan 2016 Evaluate

Ricoh India is currently trading at Rs. 750.00, up by 0.25 points or 0.03% from its previous closing of Rs. 749.75 on the BSE.

The scrip opened at Rs. 750.00 and has touched a high and low of Rs. 779.00 and Rs. 746.00 respectively. So far 4248 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1072.25 on 02-Jul-2015 and a 52 week low of Rs. 264.00 on 06-Feb-2015.

Last one week high and low of the scrip stood at Rs. 800.00 and Rs. 744.00 respectively. The current market cap of the company is Rs. 2981.62 crore.

The promoters holding in the company stood at 73.60% while Institutions and Non-Institutions held 3.27% and 23.13% respectively.

Ricoh Company has reached an agreement to buy AnaJet, the leader in direct to garment (DTG) printing. This acquisition is the latest strategic investment by Ricoh to strengthen its industrial inkjet business while enabling its customers to move forward new ideas and drive imaginative thinking. Located in the US, AnaJet will become a wholly owned subsidiary of Ricoh Printing Systems America, Inc.

Ricoh's experience has focused on office and commercial print technologies. The addition of the AnaJet portfolio will help Ricoh further its position in the industrial inkjet market, a market where Ricoh maintains global leadership in inkjet printhead development. With AnaJet's solutions combined with the broad Ricoh portfolio, customers will now have the ability to more effectively deliver a broader solution set to their end users.

AnaJet will continue to operate under its current name, management team and capabilities, which currently include more than 50 employees and is headquartered in Costa Mesa, California.

 

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