Bombay Stock Exchange (BSE) will be suspending trading in the shares of Ricoh India from May 26, 2016. The decision follows a development the company in which Ricoh Japan holds 73.6 percent, failed to report financial results for the last two quarters. However, as a respite the exchange did mention that if the company could comply with regulations by May 20, 2016 trading won't be suspended. The exchange has frozen the entire promoter shareholding till further notice.
Ricoh is a global technology company specializing in office imaging equipment, production print solutions, document management systems and IT services.
