Veefin Solutions jumps on partnering with Invest Bank to digitize SCF offering
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Veefin Solutions is currently trading at Rs. 375.00, up by 8.85 points or 2.42% from its previous closing of Rs. 366.15 on the BSE.
The scrip opened at Rs. 361.80 and has touched a high and low of Rs. 381.00 and Rs. 350.00 respectively. So far 28600 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 753.90 on 10-Sep-2024 and a 52 week low of Rs. 245.00 on 15-Mar-2024.
Last one week high and low of the scrip stood at Rs. 451.95 and Rs. 350.00 respectively. The current market cap of the company is Rs. 891.50 crore.
The promoters holding in the company stood at 37.40%, while Institutions and Non-Institutions held 4.48% and 58.12% respectively.
Veefin Solutions has partnered with Invest Bank, one of UAE’s leading financial institutions, to fully digitize Invest Bank’s Supply Chain Finance (SCF) offerings. This collaboration will replace the bank’s existing manual processes with a state-of-the-art digital platform, enabling faster, more efficient, and seamless financing for businesses across the UAE. Through this partnership, Invest Bank will leverage Veefin’s advanced SCF Loan Management System platform allowing them to streamline financing, eliminating time-consuming manual workflows and significantly improving operational efficiency.
Veefin Solutions is a Digital Lending and Supply Chain Finance (SCF) technology product Solutions Company based in Mumbai.
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