Pursuant to the approval of the Board of Directors of Banco Products (India) Ltd at its meeting held today i.e. 07.12.2019 , the Board has accorded its in-principle approval (subject to approval required from members of the Company or such other approvals as may be required under the provisions of SEBI regulations, Companies Act or any other applicable law) to identify / analyses various restructuring options available with the Company (Being Sale / transfer / disposal of assets of subsidiaries / material subsidiary of the Company or disposal of investment in material subsidiary of the Company) which shall be in the best interest of the Company and its stakeholders. In this regard, the Board of Directors has also approved the draft notice of postal ballot seeking enabling approval of the members under the applicable laws.
Shares of BANCO PRODUCTS (INDIA) LTD. was last trading in BSE at Rs.93.25 as compared to the previous close of Rs. 96. The total number of shares traded during the day was 36586 in over 574 trades.
The stock hit an intraday high of Rs. 95.15 and intraday low of 92.2. The net turnover during the day was Rs. 3391457.