Vakrangee Share Price is in Focus As It Soars Over 6%

Vakrangee share price is currently trading at ₹34.27, up by ₹2.19 (6.83%) as of 11:39 AM on December 20. The stock opened at ₹34.20, reached a high of ₹33.00, and is now at ₹34.96.

Share Price Performance

Vakrangee Limited is currently trading at ₹34.27, reflecting a notable increase of ₹4.52 (15.19%) over the past 5 days. In the past month, the stock has surged by ₹11.29 (49.13%), and over the last 6 months, it has gained ₹10.41 (43.63%). The stock has also experienced a significant rise of ₹15.00 (78.13%) year-to-date, and over the past year, it has increased by ₹15.40 (81.91%), demonstrating strong performance throughout the period.

Vakrangee to Consider Fundraising Proposal at Board Meeting

Recently, the company announced that its Board of Directors will meet on Saturday, December 21, 2024, to discuss a proposal for raising funds through a rights issue, warrants, preferential issues, qualified institutional placement, or other possible methods. The company stated that the meeting would consider issuing equity shares or other eligible securities, subject to necessary regulatory approvals and shareholder consent. However, the exact amount of the proposed fundraising was not mentioned.

About Vakrangee 

Founded in 1990, Vakrangee is a technology-focused company that aims to set up retail outlets in rural, semi-urban, and urban areas to provide BFSI and other services to underserved communities. The company plans to establish a Vakrangee outlet in every Gram Panchayat in rural India and in each urban ward across the country. Its long-term goal is to reach 75,000 outlets by 2026.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.