Vakrangee zooms on partnering with Protean eGov Technologies

25 Feb 2022 Evaluate

Vakrangee is currently trading at Rs. 32.30, up by 2.30 points or 7.67% from its previous closing of Rs. 30.00 on the BSE.

The scrip opened at Rs. 30.90 and has touched a high and low of Rs. 32.60 and Rs. 30.90 respectively. So far 688347 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 66.70 on 09-Apr-2021 and a 52 week low of Rs. 29.15 on 11-Aug-2021.

Last one week high and low of the scrip stood at Rs. 35.70 and Rs. 29.55 respectively. The current market cap of the company is Rs. 3448.37 crore.

The promoters holding in the company stood at 42.60%, while Institutions and Non-Institutions held 14.38% and 43.02% respectively.

Vakrangee has partnered with Protean eGov Technologies (formerly NSDL e-Governance Infrastructure) to offer PAN card related services. The company will work as a PAN Service Agency (PSA) of Protean eGov Technologies.  This partnership will enable Vakrangee to accept PAN card applications in paperless mode through its 19,230+ Vakrangee Kendras and BharatEasy Super App across the country.

These Nextgen Vakrangee Kendras exclusively offer a comprehensive range of products and services across banking, insurance, ATM, assisted e-Commerce, e-Governance and logistics. Protean (formerly NSDL e-Gov) accepts & processes Permanent Account Number (PAN) applications on behalf of Income Tax Department (ITD), Government of India and is the market leader in the segment.

Under this partnership, Vakrangee through its BharatEasy Super App and Nextgen Kendras will now be able to facilitate their customers in remote areas of the country with paperless PAN applications. With 80% of Nextgen Vakrangee Kendra outlets in Tier-4 and 6 towns, the company will also be able to further expand the coverage of PAN services across the country at remote locations.

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, ecommerce and logistics services to the un-served rural, semi-urban and urban markets.

Vakrangee Share Price

32.78 0.67 (2.09%)
20-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
Quess Corp 691.00
eClerx Services 3615.80
Info Edge 8493.50
CMS Info Systems 491.20
Affle (India) 1726.05
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.