Vakrangee surges on partnering with Karnataka Bank
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Vakrangee is currently trading at Rs. 19.69, up by 0.45 points or 2.34% from its previous closing of Rs. 19.24 on the BSE.
The scrip opened at Rs. 19.49 and has touched a high and low of Rs. 20.00 and Rs. 19.43 respectively. So far 851983 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 32.34 on 02-Nov-2022 and a 52 week low of Rs. 13.70 on 08-Aug-2023.
Last one week high and low of the scrip stood at Rs. 22.50 and Rs. 17.12 respectively. The current market cap of the company is Rs. 2074.53 crore.
The promoters holding in the company stood at 42.60%, while Institutions and Non-Institutions held 10.27% and 47.13% respectively.
Vakrangee (VL) has entered into a partnership agreement with Karnataka Bank to provide BC Banking services from Vakrangee Kendra outlets across ‘Pan India’. This tie-up with Karnataka Bank would ensure High Scalability, faster on-boarding and activation of Banking BC point services at all Vakrangee Kendras across the country. Vakrangee will now be able to provide banking services to all its franchisees across 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.
