08-11-2022 03:55 PM | Source: Accord Fintech
Vakrangee gains on partnering with Nova Cinemaz for setting up Vakrangee Kendra outlets
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Vakrangee is currently trading at Rs. 28.10, up by 0.05 points or 0.18% from its previous closing of Rs. 28.05 on the BSE.

The scrip opened at Rs. 28.10 and has touched a high and low of Rs. 28.45 and Rs. 28.05 respectively. So far 144260 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 47.00 on 11-Oct-2021 and a 52 week low of Rs. 23.60 on 23-Jun-2022.

Last one week high and low of the scrip stood at Rs. 29.70 and Rs. 27.85 respectively. The current market cap of the company is Rs. 2971.90 crore.

The promoters holding in the company stood at 42.60%, while Institutions and Non-Institutions held 14.62% and 42.78% respectively.

Vakrangee (VL) has tied up with Nova Cinemaz (NCPL) for setting up Vakrangee Kendra outlets over the course of time at its upcoming new EUCs. EUC consists of a multi-screen Cinema integrated with a utility service area, a retail store and a cafeteria managed/overviewed by NCPL.

Through these EUCs, NCPL aims to add cinemas screens across the country and address the issue of India being an under screened country. Citizens, in these areas shall be able to visit nearest Vakrangee Kendra and enjoy a comprehensive range of products and services across banking, insurance, ATM, Assisted eCommerce & Total Healthcare Services. This tie-up would increase the customer touch points at the Vakrangee Kendra and ensure a boost in its core objective i.e. Financial Inclusion, providing Digital India services, Social Inclusion, Employment Generation and Skill Development.

Vakrangee is the unique technology driven company focused on building India's largest network of last mile retail outlets to deliver real time banking & Financial Services, ATM, insurance, e-governance, ecommerce and logistics services to the un-served rural, semi-urban and urban markets.