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Ricoh India provides financial update

Capital Market 

Defaults on Rs 200 cr interest payment on NCDs

India announced that the Company at present is under Corporate Insolvency Resolution Process (CIRP) as per Insolvency and Bankruptcy Code, 2016.

Keeping in view the same, India is not in a position to honour its obligation to pay 7% Half Yearly interest on Rs 200 crore Non-Convertible Debentures issued by the Company to Asia Pacific (Debenture Holder) which was due for payment on 10 September 2018.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, September 10 2018. 15:44 IST
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