Vakrangee Ltd.

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.