Vakrangee surges on tying up with Shriram General Insurance Company
Vakrangee is currently trading at Rs. 9.98, up by 0.22 points or 2.25% from its previous closing of Rs. 9.76 on the BSE.
The scrip opened at Rs. 9.90 and has touched a high and low of Rs. 10.05 and Rs. 9.61 respectively. So far 229323 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 1 has touched a 52 week high of Rs. 38.17 on 08-Jan-2025 and a 52 week low of Rs. 8.81 on 09-May-2025.
Last one week high and low of the scrip stood at Rs. 10.07 and Rs. 9.55 respectively. The current market cap of the company is Rs. 1081.03 crore.
The promoters holding in the company stood at 40.05%, while Institutions and Non-Institutions held 7.61% and 52.33% respectively.
Vakrangee has entered into strategic corporate agency tie-up with Shriram General Insurance Company (SGICL). Through this collaboration, Vakrangee will facilitate access to a wide array of general insurance products via its extensive network of Vakrangee Kendras across the country.
This tie-up will enable Vakrangee Kendras--predominantly located in unserved and underserved rural and semi-urban areas--to offer comprehensive general insurance solutions including health, motor, travel, and commercial insurance catering to Retail, Rural, SME & Corporate customer segments. The partnership is aimed at increasing financial protection for citizens by providing affordable and accessible insurance coverage at the last mile.
Vakrangee is a technology-driven company centred on building India's largest network of last-mile retail outlets to deliver its services to the unserved and the underserved rural, semi-urban and urban population of the country.
