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Vakrangee surges on joining hand with Aadhar Housing Finance for home loan distribution

Vakrangee is currently trading at Rs. 25.30, up by 0.60 points or 2.43% from its previous closing of Rs. 24.70 on the BSE.

The scrip opened at Rs. 25.00 and has touched a high and low of Rs. 25.75 and Rs. 24.80 respectively. So far 43415 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 70.95 on 12-Apr-2019 and a 52 week low of Rs. 22.35 on 05-Nov-2018.

Last one week high and low of the scrip stood at Rs. 30.35 and Rs. 23.90 respectively. The current market cap of the company is Rs. 2616.73 crore.

The promoters holding in the company stood at 41.72%, while Institutions and Non-Institutions held 20.21% and 38.07% respectively.

Vakrangee has partnered with Aadhar Housing Finance for offering distribution of Home Loan & Loan against Property through its Nextgen Vakrangee Kendras. These Nextgen Vakrangee Kendras exclusively offer a comprehensive range of products and services across banking, insurance, ATM, assisted e-Commerce, e-Governance and logistics.

With 70% of its Nextgen outlets in Tier-5 and 6 towns, the company will make available Home Loans & Loan against Property at reasonable interest rates to its customers in the most remote and hitherto unserved/underserved parts of the country.

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 logistics services to the unserved & underserved rural, semi-urban and urban markets.

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