Companies Bid on Ricoh India

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Ricoh India is up for sale, and reports indicates that there have been some bids for the beleaguered business. Roughly one year ago, Ricoh India filed for insolvency under India’s amended Insolvency and Bankruptcy Code (IBC) (see “Ricoh India Makes It Official, Announces Bankruptcy”). Ricoh Corporation  cut off its financial support for its Indian subsidiary

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