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Vakrangee gains as its arm enters into corporate alliance with Delhivery

03 Aug 2016

Vakrangee is currently trading at Rs. 186.45, up by 0.15 points or 0.08% from its previous closing of Rs. 186.30 on the BSE.

The scrip opened at Rs. 186.00 and has touched a high and low of Rs. 188.00 and Rs. 185.05 respectively. So far 7,67,000 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. 191.00 and Rs. 184.00 respectively. The current market cap of the company is Rs. 9,866.86 crore.

The promoters holding in the company stood at 41.61%, while Institutions and Non-Institutions held 17.59% and 40.80% respectively.

Vakrangee, through its wholly owned subsidiary Vakrangee Logistics (VLPL), has entered into a corporate alliance with Delhivery for offering last mile delivery services to Delhivery.  Under the agreement, VLPL through Vakrangee Kendras will offer both forward delivery and reverse pick-up services to Delhivery.  Through this tie-up VLPL shall also help extend Delhivery’s reach to unserviceable pincodes.

VLPL has satisfactorily completed a pilot on the above mentioned services with Delhivery and is now moving ahead for PAN India alliance.

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, e-commerce and ATM services to the unserved rural, semi-urban and urban markets. These retail touch points are called as ‘Vakrangee Kendra’ which acts as the ‘One-stop shop’ for availing various services and products. The company has plans to setup and manage a total of 75,000 ‘Vakrangee Kendra’ outlets across India by 2020 and covering the presence in all Pin code of the country.

Related Vakrangee Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323