Vakrangee advances on entering into Corporate Agency tie-up with Religare

07 Jul 2016

Vakrangee is currently trading at Rs. 201.65, up by 4.30 points or 2.18% from its previous closing of Rs. 197.35 on the BSE.

The scrip opened at Rs. 197.85 and has touched a high and low of Rs. 202.90 and Rs. 197.80 respectively. So far 16,12,000 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. 202.90 and Rs. 188.00 respectively. The current market cap of the company is Rs. 10,671.24 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 Religare Health Insurance Company (Religare), 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 Religare Health Insurance Company.

Religare is a specialist health insurer engaged in the distribution & servicing of health insurance products. Religare Health Insurance is promoted by Religare Enterprises, a leading diversified financial services group based out of India. Its other shareholders are Union Bank of India & Corporation Bank.

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