Repro India shares surged as much as 20 per cent to its maximum intraday limit of Rs 527.10 on Monday after the company announced that its subsidiary Repro Knowledgecast Ltd (RKCL) has signed an agreement with Lightining Source Inc (The Ingram Content Group Inc.) to become a part of the Ingram Content Group's Global Connect program.
Repro India claims to be the largest producer of education books in India.
"With this tie-up in place, RKCL's clients ie. 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 release to Bombay Stock Exchange.
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, the company added.
Repro India shares ended with 20 per cent gains at Rs 527.10 compared to 0.47 per cent gain in the broader Nifty.
Repro India claims to be the largest producer of education books in India.
"With this tie-up in place, RKCL's clients ie. 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 release to Bombay Stock Exchange.
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, the company added.
Repro India shares ended with 20 per cent gains at Rs 527.10 compared to 0.47 per cent gain in the broader Nifty.
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