Repro India soars over 30% in two days on tie-up with Lightning Source

The stock locked in upper circuit of 20% at Rs 527, extending its previous day's 10% gain on the BSE.

Repro India has locked in upper circuit of 20% at Rs 527, extending its previous day’s 10% gain on the BSE after the company announced that its subsidiary Repro Knowledgecast (RKCL) signed an agreement with Lightning Source Inc to become part of the Ingram Content Group’s Global Connect program.

The Global Connect Program expands the reach of a publisher’s physical content to new markets through a network of select book manufacturing and distribution networks.

With this tie-up in place, RKCL’s clients i.e. publishers will gain access to new sales channels without the worry of inventory in market, importation and customs issues, shipping and warehousing costs, Repro India said in a statement.

Repro will be Ingram’s Global Connect print provider, giving publishers from across the world the ability to make content available through local print-on-demand and distribution facility in India. Publishers can get their content closer to consumers and shorten delivery times to customers.

Till 02:32 pm, a combined 256,860 shares changed hands and there were pending buy orders for 36,270 shares changed hands on the counter on the BSE and NSE.