Vakrangee moves up on entering into agreement with Central Bank of India
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Vakrangee is currently trading at Rs. 26.59, up by 0.06 points or 0.23% from its previous closing of Rs. 26.53 on the BSE.
The scrip opened at Rs. 26.35 and has touched a high and low of Rs. 27.36 and Rs. 26.26 respectively. So far 1275618 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 37.72 on 01-Oct-2024 and a 52 week low of Rs. 18.40 on 05-Dec-2023.
Last one week high and low of the scrip stood at Rs. 27.36 and Rs. 23.45 respectively. The current market cap of the company is Rs. 2879.11 crore.
The promoters holding in the company stood at 41.67%, while Institutions and Non-Institutions held 7.88% and 50.46% respectively.
Vakrangee has entered into an agreement with Central Bank of India as Corporate Business Correspondent (CBC) for offering Banking Services across Pan India. Vakrangee has emerged as one of the leading financial inclusion players with more than 14,000 Banking BC points and 4th Largest ATM operator in Rural India with 6,000+ ATMs.
This partnership will expedite the expansion of Vakrangee's network, reinforcing its presence across both rural and urban landscapes of the nation. Moreover, it will significantly enhance access to banking and financial services in unserved and underserved regions, driving financial inclusion across the country. Under this partnership, Vakrangee will now be able to provide banking services across Pan India, further strengthening the financial inclusion drive in the country.
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, e-commerce and logistics services to the un-served rural, semi-urban and urban markets.
