VEDAVAAG enters into an Agreement through its Subsidiary with Angel One Limited

Vedavaag Systems Limited has signed an Agreement through its 100% owned subsidiary, Vedavaag Financial Services Private Limited, with Angel One Limited (formerly known as Angel Broking Limited) as Corporate DRA to facilitate Demat account opening services, equity and Mutual fund investment services through its country wide network of 2880+ VARISHTA service points that span over 19 states.

The 100% subsidiary, Vedavaag Financial Service Private Limited, is facilitating various financial services through the CSP network.

This is to facilitate investment services at the doorstep of rural citizen. Presently Vedavaag services through its outlets over 3 million rural people banking and other services.

As LIC is a household name for insurance and the LIC IPO is nearing, facilitating DEMAT account opening and investment services is expected to help rural community also actively participate in Govt backed agency like LIC and enjoy the long-term investment benefits.

This shall add great value to Vedavaag in terms of brand equity and enhanced services to it's customer base.

Shares of VEDAVAAG SYSTEMS LTD. was last trading in BSE at Rs. 63.35 as compared to the previous close of Rs. 58.05. The total number of shares traded during the day was 167924 in over 611 trades.

The stock hit an intraday high of Rs. 66.00 and intraday low of 59.55. The net turnover during the day was Rs. 10599543.00.

Source : Equity Bulls

Keywords

VEDAVAAGSYSTEMS INE359B01010 VedavaagFinancialServices DRA AngelOne VARISHTAServicesPoints