Vakrangee shares gained as much as 4 per cent in the morning trade on Monday after the company announced a partnership with Mahindra eMarket
Vakrangee shares gained as much as 4 per cent in the morning trade on Monday after the company announced a partnership with Mahindra eMarket Ltd for promoting and booking automobile products through Vakrangee Kendras.
At 10.55 am, Vakrangee shares were trading 2.36 per cent up at Rs 181.90. The scrip opened at Rs 182 and had touched a high and low of Rs 184.85 and Rs 181.40, respectively, in trade so far. Sensex was down 186.86 points, or 0.75 per cent, at 24,747.47.
Later the scrip closed 1.74 per cent up at Rs 180.80.
Citizens, especially in unserved and undeserved areas, will now be able to visit nearest Vakrangee Kendra and book auto products available on Mahindra eMarket place by paying the booking amount, Vakrangee Ltd said in a regulatory filing.
In a BSE filing, the company further said, “This tie-up shall expand bouquet of consumer product offerings available to customers through Vakrangee Kendras. Vakrangee customers are already benefitting with easier access to millions of customer products available at affordable prices through Vakrangee’s partnership with Amazon India.”
Vakrangee is a technology driven company focused on building last mile retail touch points to deliver real time banking, insurance, e-governance, e-commerce and ATM services.