Vakrangee share price rose 7 percent in the early trade on September 18 after the company announced a strategic corporate agency tie-up with Star Health & Allied Insurance.
At 09:31am, Vakrangee shares were quoting at Rs 22.41 apiece, up Rs 1.47, or 7.02 percent, on the BSE.
This partnership aims to provide easy access to comprehensive health insurance products through Vakrangee Kendra network across the country.
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A meeting of board of directors of the company will be held on September 24, 2024, to consider the proposal for raising of funds by way of rights issue, warrants, preferential issue including a qualified institutions placement or through any other permissible mode and/or combination thereof as may be considered appropriate, by way of issue of equity shares or any other eligible securities, subject to all such regulatory/ statutory approvals as may be required including the approval of shareholders of the company.
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