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Vakrangee Stock Rises on Tie-Up with Max TV for Offering OTT Services

12 Apr 2024 , 03:53 PM

Vakrangee shares rose in early trading on April 12 following the company's deal with Global One Enterprises Pvt Ltd (Max TV) to offer subscription-based OTT services via Vakrangee Kendra networks.

Max TV focuses on offering IPTV/OTT services in India.

The network has over 300 Indian FTA channels, 1,000 foreign channels, and over 20,000 hours of handpicked content, including web series, films, music, live darshans, documentaries, and much more.

Through this partnership, Max TV will be able to cross-sell various packaged plans to unserved and underserved parts of the country via Vakrangee Kendra networks.

We will continue to introduce new goods and services and collaborate with premier business partners to provide our clients with a one-stop solution for all of their needs, Vakrangee stated.

The company expressed its ambition to become India's most reliable physical and online convenience store, aligning with Vakrangee Kendra's new brand philosophy of 'AB Poori Duniya Pados Mein', and is making strides towards achieving this goal.

Vakrangee Ltd, situated in India, provides technological solutions. Vakrangee Kendra provides banking, financial, and insurance (BFSI) services such as data verification, e-commerce, direct benefit transfers, and pension transactions.

Vakrangee closed 2.68% higher at ₹24.90, against the opening price of ₹24.25. During the day, the counter touched an intraday high and low of ₹26.80 and ₹24.05, respectively.

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