Vakrangee Ties Up with Bajaj General; Shares Fall 5.25%
Shares of Vakrangee Ltd fell 5.25% on 23rd March after touching the day’s high of Rs 5.70. This drop happened despite the company announcing that it has entered into a corporate agency arrangement with Bajaj General Insurance Limited. As a result, Vakrangee will distribute general insurance products across its network... The post Vakrangee Ties Up with Bajaj General; Shares Fall 5.25% appeared first on Equitypandit.
Shares of Vakrangee Ltd fell 5.25% on 23rd March after touching the day’s high of Rs 5.70. This drop happened despite the company announcing that it has entered into a corporate agency arrangement with Bajaj General Insurance Limited. As a result, Vakrangee will distribute general insurance products across its network of Vakrangee Kendras.
Vakrangee will offer health, motor, home, and travel insurance through its Kendra network across India. The company aims to improve access in rural and semi-urban areas.
The partnership will help serve retail, rural, SME, and corporate customers, strengthening last-mile delivery of insurance services.
Bajaj General Insurance Ltd (earlier Bajaj Allianz General Insurance) will provide a wide range of insurance products under this tie-up.
According to MD Vedant Nandwana, the collaboration aims to expand access to financial services. It will also make insurance more readily available, especially in remote regions.
At 11:55 AM, shares of Vakrangee were trading 5.26% lower at Rs 5.40 on the NSE.
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The post Vakrangee Ties Up with Bajaj General; Shares Fall 5.25% appeared first on Equitypandit.
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