Vakrangee ties up with Nova Cinemaz Pvt Ltd for setting up Vakrangee Kendra outlets

Vakrangee Limited (VL) has tied up with Nova Cinemaz Private Limited (NCPL) for setting up Vakrangee Kendra outlets over the course of time at its upcoming new EUCs.

EUC consists of a multi-screen Cinema integrated with a utility service area, a retail store and a cafeteria managed/overviewed by NCPL. Through these EUCs, NCPL aims to add cinemas screens across the country and address the issue of India being an under screened country.

Citizens, in these areas shall be able to visit nearest Vakrangee Kendra and enjoy a comprehensive range of products and services across banking, insurance, ATM, Assisted eCommerce & Total Healthcare Services.

This tie-up would increase the customer touch points at the Vakrangee Kendra and ensure a boost in its core objective i.e. Financial Inclusion, providing Digital India services, Social Inclusion, Employment Generation and Skill Development.

Commenting on this partnership, Mr. Dinesh Nandwana, Managing Director & Group CEO, Vakrangee Ltd. said, "We are happy to partner with NCPL for setting up our Vakrangee kendra outlets in their EUCs centers in both urban as well as rural areas.

This partnership will help us to achieve our long term target ahead of our stipulated timelines. Our Nextgen outlets have evolved into an exclusive digital convenience store model providing access to multi line of products and services. We are aspiring to be the most trustworthy physical as well as online convenience store across India, positively moving towards Vakrangee Kendra's brand philosophy of 'AB Poori Duniya Pados Mein'."

This tie-up will further expand the network of Vakrangee Kendra outlets across Pan India. Nextgen, Vakrangee Kendras exclusively offer a comprehensive range of products and services across banking, insurance, ATM, Assisted e-Commerce and Total Healthcare Services. Vakrangee currently has 22,858 Nextgen Vakrangee Kendras spread across 33 States & UTs, 564 districts and 5,627 postal codes. More than 84% of these outlets are in Tier 4 and 6 towns.

Shares of Vakrangee Limited was last trading in BSE at Rs. 28.00 as compared to the previous close of Rs. 28.95. The total number of shares traded during the day was 264349 in over 1618 trades.

The stock hit an intraday high of Rs. 29.10 and intraday low of 27.95. The net turnover during the day was Rs. 7543128.00.

Source : Equity Bulls

Keywords

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