Vakrangee Limited one of India's largest Last Mile Distribution Platform, has announced that the company’s board will meet on December 21, 2024 to consider the proposal for raising of funds by way of rights issue, warrants, preferential issue including a qualified institutions placement or through any other permissible mode and/or combination, by way of issue of equity shares or any other eligible securities, subject to all such regulatory/ statutory approvals as may be required including the approval of shareholders of the Company.
Recently, the company announced that it has entered in to an agreement with Central Bank of India as Corporate Business Correspondent (CBC) for offering Banking Services across Pan India.
Under this partnership, Vakrangee will now be able to provide banking services across Pan
India, further strengthening the financial inclusion drive in the country. Vakrangee will be
providing key Banking services such as Opening of Saving & Current Bank Account (through e-KYC), Opening of Fixed /Recurring /Term Deposit account, amongst many others.
Commenting on this partnership, Mr. Vedant Nandwana, Managing Director, Vakrangee Ltd. said, “We are happy and honored to announce this partnership with Central Bank of India which enables us as Corporate Business Correspondent for Banking services across our Vakrangee Kendras on a Pan India basis.