Vakrangee is currently trading at Rs 35.90, up by 0.95 points or 2.72% from its previous closing of Rs. 34.95 on the BSE.
The scrip opened at Rs. 36.35 and has touched a high and low of Rs. 36.35 and Rs. 35.55 respectively. So far 33972 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 55.50 on 28-Jan-2020 and a 52 week low of Rs. 17.10 on 07-Apr-2020.
Last one week high and low of the scrip stood at Rs. 36.35 and Rs. 31.05 respectively. The current market cap of the company is Rs. 3702.62 crore.
The promoters holding in the company stood at 42.60%, while Institutions and Non-Institutions held 18.34% and 39.06% respectively.
Vakrangee has entered into a partnership arrangement with Union Bank of India (UBI) to provide the loan facility for Pan India Nextgen Vakrangee Kendra franchisees. Both new and existing franchisee would be eligible to avail loans from UBI. The bank is offering a special product for Vakrangee Kendra franchisee under Union Mudra Scheme.
The partnership with UBI, will boost the convenience by offering attractive loan schemes to NextGen franchisees. Easy availability of finance is a key driver during these times and this partnership with UBI will help Nextgen Vakrangee Franchisees for availing the term loan for setting up of Vakrangee Kendra and also Working Capital loan at their nearest Union bank of India Branch.
Vakrangee is the unique technology driven company focused on building India’s largest network of lastmile retail outlets to deliver realtime banking & Financial Services, ATM, insurance, egovernance, ecommerce and logistics services to the unserved rural, semiurban and urban markets.
