Vakrangee has allotted 23,50,000 equity shares to VandV Trading on conversion of warrants. Consequently, the Issued and Paid-up equity share capital of the Company stands increased to Rs. 107,33,64,857/- consisting of 107,33,64,857 equity shares of Re. 1/- each.Powered by Capital Market - Live News

Vakrangee has entered into a Share Purchase Agreement today i.e. 04 June  2024 for acquisition of 48.5% equity share capital of Vortex Engineering from the AAVISHKAAR INDIA MICRO VENTURE CAPITAL FUND, AAVISHKAAR INDIA II COMPANY and AAVISHKAAR VENTURE MANAGEMENT SERVICES PRIVATE LIMITED Collectively, referred to as �Aavishkaar India Investors� (�Seller�). Earlier the Company had signed Binding term sheet with Aavishkaar India Investors in relation to acquisition of 48.5% stake in Vortex Engineering Private Limited. Consequent to the acquisition, Vakrangee shareholding in Vortex Engineering has increased from 27.3% to 75.8%. Pursuant to the said acquisition, Vortex Engineering shall become a Material Subsidiary Company of Vakrangee.Powered by Capital Market - Live News

Vakrangee has allotted 1.10 crore equity share on conversion of warrants. Consequently, the paid up equity share capital of the company stands increased to Rs. 107,10,14,857/- consisting of 107,10,14,857 equity shares of Re. 1/- each. Powered by Capital Market - Live News

Vakrangee has entered into a Share Purchase Agreement today i.e. 03 June 2024 for acquisition of 18.5% equity share capital of Vortex Engineering from Tata Capital Innovations Fund. The cost of acquisition is Rs 7.03 crore. Vortex Engineering (Vortex) is one of the leading provider of Automated Teller Machines (ATMs), Manufactures and markets the world`s most cost-effective ATMs using patented technology. Vortex has shipped 10,000+ ATMs across India, Africa and South Asia and Software products to complement ATM hardware. Powered by Capital Market - Live News

Vakrangee announced the appointment of L. K. Shamsunder as a Nominee Director of Life Insurance Corporation of India (LIC) on the Board of the Company w.e.f. 24 May 2024.Powered by Capital Market - Live News