Vakrangee Limited (VL) has announced the partnership with Nova Cinemaz Private Limited (NCPL) for setting up Vakrangee Kendra outlets over the course of time at its upcoming new EUCs.
EUC includes a multi-screen Cinema integrated with a utility service area, a retail store and a cafeteria managed/overviewed by NCPL. Through these EUCs, NCPL aims to add cinemas screens across India and address the issue of the country being an under screened country.
Citizens, in these areas shall be able to visit nearest Vakrangee Kendra and enjoy a comprehensive range of products and services including banking, insurance, ATM, Assisted e-Commerce & Total Healthcare Services.
As per the filing, this alliance would increase the customer touch points at the Vakrangee Kendra and ensure a boost in its core objective i.e. Financial Inclusion, Digital India services, Social Inclusion, Skill Development and Employment Generation.
Dinesh Nandwana, Managing Director and Group CEO of Vakrangee Ltd. commented on the partnership, “We are happy to tie-up with NCPL for setting up the Vakrangee kendra outlets in the EUCs centers in both urban, rural areas as well.
Our Nextgen outlets have evolved into an exclusive digital convenience store outlet providing access to multi line of products and services. We are moving forward to be the most trustworthy physical and online convenience store across India, implying Vakrangee Kendra’s brand philosophy of ‘AB Poori Duniya Pados Mein’.”
This partnership will further expand the network of Vakrangee Kendra outlets across Pan India.
At around 1:52 PM, Vakrangee was trading at Rs28.20 per share up by Rs0.2 or 0.71% from its previous closing of Rs28 per share on the BSE.
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