Vakrangee is currently trading at Rs. 33.00, up by 0.75 points or 2.33% from its previous closing of Rs. 32.25 on the BSE.
The scrip opened at Rs. 33.05 and has touched a high and low of Rs. 33.60 and Rs. 32.70 respectively. So far 294219 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. 33.60 and Rs. 30.35 respectively. The current market cap of the company is Rs. 3496.35 crore.
The promoters holding in the company stood at 42.60%, while Institutions and Non-Institutions held 14.38% and 43.02% respectively.
Reserve Bank of India (RBI) has provided renewal of authorization for Vakrangee. RBI has extended the validity of authorization issued to Vakrangee to setup, own, and operate White Label ATMs (WLA) in India. The validity has been extended till March 31, 2023.
RBI had assigned a target of minimum 1,000 ATMs to be deployed by Vakrangee for every calendar year starting 2020 for an initial period of three years. The ATMs deployed shall be in the ratio of 1:2:3 for Metro & Urban, Semi-Urban and Rural regions respectively.
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.
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