Vedavaag Systems inks a deal through its subsidiary with Pharmeasy; Stock zooms 4%

16 Feb 2022 , 02:54 PM

Vedavaag Systems Limited stocks zoomed over 4% so far on Sensex today as the company entered into Memorandum of Understanding through its 100% owned subsidiary, Vedavag Common Service Centres Private Limited, with Axelia Solutions Private Limited, a company operating online market place, mobile application and website called “PHARMEASY”.

PHARMEASY acts as facilitator for the sale of pharmaceutical, fast moving consumer goods and nutraceutical products, Thyrocare certified diagnostic and health care services.

The 100% subsidiary, Vedavag Common Service Centres Private Limited is facilitating online sale, supply and distribution of pharmaceutical and healthcare products from its platform.

At around 2:55 PM, Vedavaag Systems was trading at Rs68.85 apiece up by Rs2.6 or 3.92% on Sensex.