Ricoh India
Ricoh India approves resolution plan
February 19, 2019
Following the company’s split from its parent OEM last year, the former subsidiary has now taken the latest step in its insolvency proceedings. Ricoh India’s Committee of Creditors (COC) has approved the Resolution Plan with the required majority, as set out in the country’s national Insolvency and Bankruptcy Code, Section 10. The company originally filed […]
Kotak and Karvy bid for Ricoh India
January 18, 2019
Kotak Investment Advisors and Karvy Data Management Services have submitted bids to acquire Ricoh’s troubled Indian subsidiary. As the Economic Times reports, the “distressed” Ricoh India has almost Rs 3000 crore ($421.7 million/€369.7 million) in unpaid dues and owes Ricoh Japan and Ricoh Asia Pacific approximately Rs 1,500 crore ($210.8 million/€184.8 million). Kotak and Karvy […]
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