Vakrangee plans demerger of businesses
11th Oct 2021

In an endeavour to maximize shareholder value, Vakrangee has planned the demerger of both the businesses (Vakrangee Kendra Business as well as E-Governance & IT/ITES Business), each of which require greater attention and possess growth potential, due to which the Company has decided for the segregation of the business.

The Board of Directors of Vakrangee in its meeting, approved the demerger of its E-Governance and IT/ITES division into a separate entity.

Vakrangee is the unique technology driven company focused on building India's largest network of last mile retail outlets to deliver real time banking & Financial Services, ATM, insurance, e-governance, ecommerce and logistics services to the un-served rural, semi-urban and urban markets.