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Vakrangee gains on entering into tie-up with CIGNA TTK

06 Jun 2016

Vakrangee is currently trading at Rs. 173.60, up by 1.80 points or 1.05% from its previous closing of Rs. 171.80 on the BSE.

The scrip opened at Rs. 173.00 and has touched a high and low of Rs. 174.60 and Rs. 173.00 respectively. So far 6,906 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 228.90 on 09-Mar-2016 and a 52 week low of Rs. 86.95 on 26-Aug-2015.

Last one week high and low of the scrip stood at Rs. 192.70 and Rs. 170.50 respectively. The current market cap of the company is Rs. 9,194.00 crore.

The promoters holding in the company stood at 41.61% while Institutions and Non-Institutions held 13.82% and 44.58% respectively.

Vakrangee has entered into Corporate Agency tie-up with CIGNA TTK Health Insurance Company (CIGNA TTK) to distribute Health Insurance product through Vakrangee distribution network. Citizens, especially in un-served and underserved areas shall be able to access health Insurance products and services offered/to be offered by Cigna TTK Health Insurance Company.

Cigna TTK is a joint venture between the US based global health services leader, Cigna Corporation and Indian conglomerate, TTK Group. Company received the regulatory license from IRDA in November 2013 and launched its operations in February 2014.

Incorporated in 1990, Vakrangee is the unique technology driven company focused on building India’s largest network of last-mile retail touch points to deliver real-time banking, insurance, e-governance, ecommerce and ATM services to the unserved rural, semi-urban and urban markets.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323