SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Vakrangee climbs on inking agreement to acquire 18.5% equity share capital of Vortex Engineering

03 Jun 2024 Evaluate

Vakrangee is currently trading at Rs. 23.00, up by 0.87 points or 3.93% from its previous closing of Rs. 22.13 on the BSE.

The scrip opened at Rs. 22.46 and has touched a high and low of Rs. 23.18 and Rs. 22.30 respectively. So far 1310725 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 32.19 on 01-Feb-2024 and a 52 week low of Rs. 14.61 on 08-Aug-2023.

Last one week high and low of the scrip stood at Rs. 23.94 and Rs. 22.05 respectively. The current market cap of the company is Rs. 2409.49 crore.

The promoters holding in the company stood at 42.60%, while Institutions and Non-Institutions held 9.36% and 48.05% respectively.

Vakrangee has entered into a share purchase agreement for acquisition of 18.5% equity share capital of Vortex Engineering from Tata Capital Innovations Fund (Seller). This is a strategic investment which will help the Company to have a complete backward integration in place for ATM Business and thereby unlocking future growth opportunities, leverage the cost synergies and technology know-how. The cost of acquisition is Rs 7.03 crore for acquiring 18.5% equity interest in Vortex from seller.

Vakrangee is the unique technology driven company focused on building India's largest network of last mile retail outlets to deliver real time banking & Financial Services, ATM, insurance, e-governance, e-commerce and logistics services to the un-served rural, semi-urban and urban markets.


Vakrangee Share Price

6.60 -0.22 (-3.23%)
05-May-2026 16:59 View Price Chart
Peers
Company Name CMP
eClerx Services 1448.00
Info Edge 964.50
Firstsource Solution 218.65
Affle 3i 1414.50
Hinduja Global Soln. 415.00
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×