Repro India acquires Macmillan’s Printing Operations in India

With reference to the earlier announcement dated 14 July, 2011 about Repro India acquires Macmillan’s Printing Operations in India,the company has declared that the it has established a subsidiary Firm by name Repro Innovative Digiprint Pvt. Ltd for the purpose of acquisition of the India Printing operations of MPIL for a consideration of Rs. 42.5million excluding Land and Building which has been leased by MPIL to Repro Innovative Digiprint Pvt. Ltd ( subsidiary of Repro India Ltd).

The deal between MPIL and Repro_Innovative Digiprint Pvt. Ltd for the Business Shift was implemented on 16 August, 2011 and is useful from that date.

Also executed was the Contract entailing servicing the print requirements of MPIL in India by Repro_India Ltd. Under the arrangement, MPIL will outsource the printing of their education books to Repro_India Ltd translating into a business of over Rs. 250 Cr over the upcoming 7 years

Be Sociable, Share!
Tags:

Stock Market Basics For Beginners

SEBI’s Role in an IPO Issue

SEBI’s Role in an IPO Issue Any firm doing a public issue or a listed firm building a rights issue of value of greater than Rs 50 lakh is needed to ...…

Balance of Trade

Balance of Trade [ad name="468x15- 5 link"] Balance of Trade (BoT) indicate different in value, in a period of time, between a country’s imports and also exports of ...…

Public Provident Fund

Public Provident Fund Public Provident Fund: long-term savings device which has a maturity period of 15 yrs and interest payable at 8 percent per year compounded yearly. A ...…

Assets

Assets Assets is owned by a company or a person. Property are listed on a company's balance sheet and include tangible things like inventory, equipment, and ...…

Penny Shares Trading

Penny Shares Trading [ad name="468x15- 5 link"] Buying and selling penny shares is actually the best way to make huge revenue using the minimum amount of start-up investment capital. ...…

Indian Share Tips

NSE Investment Site

Market Update

Share Guide

Designed by VMV
web
analytics