The board of Banco Products (I) on Thursday, after detailed deliberations and discussions, decided to drop the proposal of buyback of equity shares of the company.
Currently, promoters hold 67.88 per cent stake in the company while the rest is held by the public.
On Thursday, the shares of Banco Products (I) closed a tad higher at ₹194.65 against the previous close of ₹193.6 on the NSE.