Veefin Solutions moves up on entering into strategic partnership with Ujjivan SFB
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Veefin Solutions is currently trading at Rs. 308.95, up by 4.45 points or 1.46% from its previous closing of Rs. 304.50 on the BSE.
The scrip opened at Rs. 314.90 and has touched a high and low of Rs. 318.70 and Rs. 300.05 respectively. So far 16000 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 409.75 on 06-Feb-2024 and a 52 week low of Rs. 85.13 on 12-Jul-2023.
Last one week high and low of the scrip stood at Rs. 318.70 and Rs. 266.00 respectively. The current market cap of the company is Rs. 699.20 crore.
The promoters holding in the company stood at 39.84%, while Institutions and Non-Institutions held 1.21% and 58.96% respectively.
Ujjivan Small Finance Bank (Ujjivan SFB) has entered into a strategic partnership with Veefin Solutions, a leading Supply Chain Finance (SCF) solutions provider, to offer robust supply chain finance offerings, to meet the working capital needs for MSMEs.
Through this partnership, Ujjivan SFB will leverage Veefin's platform that offers end-to-end solutions on supply chain financing. This includes supplier and vendor onboarding, credit underwriting through Loan Origination Solution (LOS), transaction management via Loan Management Solution (LMS), and collections handled through Delinquency Management solution. These components will be further complemented by comprehensive analysis facilitated by Veefin’s Reporting & Business Intelligence solution.
Veefin Solutions is a Digital Lending and Supply Chain Finance (SCF) technology product Solutions Company based in Mumbai.
