ET: Kotak Investment and Karvy put in bids for Ricoh India
13 February 2019: Kotak Investment Advisors and Karvy are among multiple investors who have put in bids or Ricoh India, which is facing insolvency. Minority shareholders are also looking to buy the company, sources told ETNOW.
The committee of creditors (CoC) led by Deutsche Bank is likely to meet soon to decide on the bids.
The bank has more than Rs 130 crore gurantee to the company.
Ricoh India, which went into voluntary insolvency last year, manufactures printers and scanners.
The stock of the company remains suspended by the BSE.
Ricoh Japan is the largest creditor of the company and holds 74 per cent stake in the India unit.
The Economic Times reported
Categories: General News, India Bankruptcy