Shares of software firms -- Vakrangee and Ricoh India -- surged as much as 9 per cent today following a Rs 400-crore print services business deal between the two.
IT peripheral company Ricoh India today said it has bagged a Rs 400-crore managed print services business from software firm Vakrangee Limited.
Vakrangee shares jumped 9.03 per cent to Rs 165.45 on BSE.
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During the day, it soared 14.92 per cent to Rs 174.40 -- its 52-week high.
Shares of Ricoh advanced by 7.21 per cent to end at Rs 896. Intra-day, it climbed 8.88 per cent to Rs 910.
"Ricoh India Limited has signed a memorandum of understanding with Vakrangee Limited for inter alia providing state-of-the-art managed print services (MPS) to Vakrangee Limited," Ricoh India said in a regulatory filing.
"The total worth of the contract is Rs 400 crore while the duration of the contract will be spread to five years," the company said.
