Vakrangee zooms on entering into agreement with Canara Bank
Vakrangee is currently trading at Rs. 31.10, up by 1.89 points or 6.47% from its previous closing of Rs. 29.21 on the BSE.
The scrip opened at Rs. 29.22 and has touched a high and low of Rs. 31.39 and Rs. 28.85 respectively. So far 1206388 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. 18.45 on 21-Dec-2024.
Last one week high and low of the scrip stood at Rs. 31.48 and Rs. 25.83 respectively. The current market cap of the company is Rs. 3371.96 crore.
The promoters holding in the company stood at 41.67%, while Institutions and Non-Institutions held 7.88% and 50.46% respectively.
Vakrangee (VL) has entered into an agreement with Canara Bank as Corporate Business Correspondent (CBC) for offering Banking Services through Vakrangee Kendra networks. Through this collaboration, Vakrangee’s extensive network of Kendras will deliver a comprehensive suite of banking services to underserved and unbanked communities in the East Zone parts of the Bank.
This alliance will enhance rural banking infrastructure, ensuring seamless access to essential financial services in the remotest and most underserved areas. It reflects Vakrangee’s unwavering commitment to bridging the financial inclusion gap and transforming banking experiences in rural regions.
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.
