Vakrangee Ltd.

Vakrangee has entered into a Share Purchase Agreement on June 6, 2024 for acquisition of 2.4% equity share capital of Vortex Engineering from Ventureast Funds (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 transaction is expected to be completed within 30 days. Cost of acquisition is Rs 0.92 crore.

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.