Vakrangee Shares Gain 4.09% After Tie-Up with SBI General Insurance

Mumbai, September 5, 2025: Vakrangee Limited share price is trading in the green today. As of 11:12 AM, the shares are trading higher by 4.09%, or 0.35 points at ₹8.90. Until now, the shares have traded within a range of ₹8.97 and ₹8.64, with a traded volume of 21.10 lakh shares. The current market cap has now increased to ₹962.96 crore.

Key Trigger: Tie-Up with SBI General Insurance

The key trigger for the rally is the company’s announcement that it has entered into a corporate agency agreement with SBI General Insurance to offer motor, health, home, travel, and personal accident insurance products across its extensive Vakrangee Kendra network. The move will allow Vakrangee to expand insurance penetration in underserved rural and semi-urban markets, as 83% of its outlets are located in Tier 4-Tier 6 towns.

Offering Comprehensive Range of Insurance Products

Commenting on the collaboration, Vedant Nandwana, Managing Director of Vakrangee, said: “We are proud to join hands with SBI General Insurance, a brand that stands for trust, credibility, and customer-centricity. Through this collaboration, our extensive Vakrangee Kendra network will now be able to offer a comprehensive range of general insurance products to every corner of the country.”

Vakrangee Limited is a technology-driven company in India that operates a large network of franchisee-based, multi-service retail outlets known as “Vakrangee Kendras”. The company was incorporated in 1990 and has its headquarters in Mumbai, Maharashtra, India. The company’s shares are listed on NSE with ticker symbol VAKRANGEE and on BSE with code 511431.

REF: https://nsearchives.nseindia.com/corporate/VAKRANGEE_04092025162148_VL_Intimation_-_Partnership_SBI_General_Insurance_signed.pdf

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