Ricoh India has fixed the delisting price, at which the promoter may be willing to accept the equity shares tendered in the delisting offer. The company has fixed an indicative price of Rs 120 per share, a more-than-double than the floor price of Rs 58.01 fixed in November 18, 2013.
The company’s stock has more than doubled from Rs 59.60 since Ricoh Asia Pacific indicated its intention to delist the Indian arm on November 8, 2013.
At present, the promoters hold 73.60% stake in the company. The retail investors control 20.83%, while the 5.57% stakes are with the body corporates (4.93%) and others.
Ricoh India is a leading global player in the area of imaging solutions like Digital Plain Paper Copiers, Colour Plain Paper Copiers, Colour & Mono Lazer Printers, Fax machines, Thermal paper etc.
