Vakrangee ties up with Aditya Birla Health Insurance Co.

India Infoline News Service | Mumbai | March 17, 2017 15:39 IST

Vakrangee Limited has announced a corporate agency tie-up with Aditya Birla Health Insurance Company Limited for distribution of Health Insurance products.

Vakrangee
Vakrangee Limited has announced a corporate agency tie-up with Aditya Birla Health Insurance Company Limited for distribution of Health Insurance products.
 
Vakrangee Limited is one of the India's largest network of technology driven last-mile retail points-of sale, and this tie up with Aditya Birla Health Insurance Company Limited is going to be a win-win affair for all stakeholders.
 
While Aditya Birla Health Insurance will be able to expand its distribution network in more than 29,000 Vakrangee Kendra outlets, Vakrangee will have added range of quality products to offer through its vast distribution network.
 
Citizens, especially in un-served and underserved areas, will be able to access quality Health Insurance products and services offered/to be offered by Aditya Birla Health Insurance.
 
Aditya Birla Health Insurance Company Limited is a joint venture between Aditya Birla Group and MMI Holdings Limited (MMI). 
 
This partnership between a Fortune 500 Indian Group and one of South Africa’s largest insurance companies aims to revolutionise the Indian health insurance industry with a unique offering for customers.
 
Stock View:
 
Vakrangee Ltd is currently trading at Rs 317.15, up by Rs 0.5 or 0.16% from its previous closing of Rs 316.65 on the BSE.
 
The scrip opened at Rs 317 and has touched a high and low of Rs 320.45 and Rs 316.6 respectively. So far 4195855(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 16758.14 crore.
 
The BSE group 'A' stock of face value Rs 1 has touched a 52 week high of Rs 318.7 on 28-Feb-2017 and a 52 week low of Rs 160.1 on 09-Jun-2016. Last one week high and low of the scrip stood at Rs 317.9 and Rs 307.5 respectively.
 
The promoters holding in the company stood at 41.6 % while Institutions and Non-Institutions held 23.8 % and 34.6 % respectively.
 
The stock is currently trading above its 50 DMA.

***Note: This is a NSE Chart

Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.

 

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