Vakrangee Limited ties up with Corival Life Sciences Private Limited

Vakrangee Limited (VL) has tied up with Corival Life Sciences Private Limited to provide a complete range of Ayurvedic & Herbal Products as well as get access to a wide range of herbal, nutraceutical healthcare, ayurvedic, dietary supplements. to the customers in the remotest parts of the country. Corival is engaged in the business of, developing manufacturing, marketing and selling a variety of herbal, nutraceuticals, medicines, healthcare, ayurvedic, dietary supplements and medicinal preparations that have set precedents in clinical trials globally.("Products"). Corival Life Sciences is a unique partnership between Biogetica USA and Wockhardt Foundation who are global leaders in Natural Medicine and Pharmaceuticals. This partnership was created to bring evidence based Natural Medicines to the people of India and the planet. Corivals Immunofree Formula has published a Groundbreaking Trial for Covid Treatment where 88% of the patients in 3 Hospitals were virologically cured by day 5. Biogetica has published similar groundbreaking trials globally for Weight loss, Herpes, Pain Management and Trigeminal Neuralgia. These trials have shown natural medicine complementing and outperforming pharmaceuticals for the management of Chronic Ailments. Corival's Ayurvedic product line is vast and it includes products for Diabetes and High blood Pressure both of which are ailments that plague many across India.

Under this partnership, Vakrangee through its Nextgen Kendras and BharatEasy Mobile Superaap will now be able to provide wide range of Ayurvedic medicines in remote areas of the country. With 70% of Nextgen Vakrangee Kendra outlets in Tier-5 and 6 towns, Vakrangee will offer Ayurvedic & Herbal products to the communities in the unserved/underserved parts of the country.

Commenting on this partnership, Mr. Dinesh Nandwana, Managing Director & Group CEO, Vakrangee Ltd. said, "We are happy to partner with Corival to facilitate our customers with Ayurvedic & Herbal products in both urban as well as rural remote areas. With this partnership, we have strategically added a complete bouquet of Ayurvedic medicines care solutions at our Nextgen Kendras making them into a one-stop shop for all the Ayurvedic requirements of our customers."

He added, "Our franchisees in remote areas of the country can now enhance their revenue stream by offering Ayurvedic medicines services too. We will continue to add more products and services and tie-up with leading business partners to offer our customers a one-stop solution to all their banking, insurance, ATM, financial services, assisted e-Commerce, e-Governance and logistics. We are aspiring to be the most trustworthy physical as well as online convenience store across India, positively moving towards Vakrangee Kendra's new brand philosophy of 'AB Poori Duniya Pados Mein'."

Commenting on this partnership, Mr. Apurve Mehta, Founder, Corival Life Sciences Private Limited said, India has a rich tradition of natural medicine. However much of the wisdom of ayurveda has been lost owing to modern manufacturer's cutting corners with regards to heavy metals and carcinogenic preservatives in their products. Corival is not only bottling the highest quality heavy metal and preservative free products, it is also proving these via groundbreaking clinical trials. Our partnership with Vakrangee will ensure that these much needed products will reach the far corners of India so that the citizens can once again benefit from the heritage and tradition.

This tie-up further expands our bouquet of services available to citizens through Vakrangee Kendra. Nextgen Vakrangee Kendras exclusively offer a comprehensive range of products and services across banking, insurance, ATM, Assisted e-Commerce, e-Governance, and logistics. Vakrangee currently has ~13,200 Nextgen Vakrangee Kendras spread across 28 States & UTs, 560+ districts and 4,860+ postal codes. More than 70% of these outlets are in Tier 5 and 6 towns.

Shares of Vakrangee Limited was last trading in BSE at Rs. 37.55 as compared to the previous close of Rs. 37.75. The total number of shares traded during the day was 336938 in over 1650 trades.

The stock hit an intraday high of Rs. 37.90 and intraday low of 37.25. The net turnover during the day was Rs. 12658907.00.

Source : Equity Bulls

Keywords

VakrangeeLimited INE051B01021 VAKRANGEE CorivalLifeSciences Ayurveda HerablProducts