Vakrangee shines on inking pact with Global One Enterprises

Vakrangee is currently trading at Rs. 24.99, up by 0.76 points or 3.14% from its previous closing of Rs. 24.23 on the BSE.

The scrip opened at Rs. 24.33 and has touched a high and low of Rs. 26.79 and Rs. 24.09 respectively. So far 3691094 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 32.19 on 01-Feb-2024 and a 52 week low of Rs. 14.61 on 08-Aug-2023.

Last one week high and low of the scrip stood at Rs. 26.79 and Rs. 22.95 respectively. The current market cap of the company is Rs. 2689.04 crore.

The promoters holding in the company stood at 42.60%, while Institutions and Non-Institutions held 9.36% and 48.05% respectively.

Vakrangee (VL) has entered into an agreement with Global One Enterprises (Max TV) for offering Subscription based OTT Plans through Vakrangee Kendra networks. Max TV specializes in providing IPTV/OTT Services in India. The platform features over 300 Indian FTA channels, 1000 international channels and over 200,00 hours of curated content of web series, movies, music, live darshans, documentaries and much more. Furthermore, they have arrangements with ALL the major OTT platforms of India, like SONY, DISNEY HOTSTAR, ZEE and over 15 other popular OTT platforms like, Shemaroo, Hungama, etc. Through this tie-up Max TV will be able to cross sell various bundled plans to unserved & underserved areas of the Country through Vakrangee Kendra networks.

Vakrangee Kendras are exclusive Branded format outlets offering a comprehensive range of products and services across banking, insurance, ATM, assisted e-Commerce, e-Governance and Total Healthcare. With 84% of Vakrangee Kendra outlets in Tier-4 to 6 locations, this association will enable Vakrangee to allow its customers to get access to OTT Services in the most remote parts of the country.

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.