Vakrangee announced the renewal of strategic tie up it has with Amazon Seller Services (Amazon India). Pursuant to the agreement and the renewal thereof, Vakrangee has joined hands with Amazon India wherein it shall provide marketing and promotional services to Amazon through the “Vakrangee Kendras”.

As part of the agreement, Vakrangee through its various Vakrangee Kendras shall perform marketing and promotional activities for Amazon India which shall include, without limitation, introducing and informing customers entering Vakrangee Kendras of and about the Amazon India website, sharing information in relation to the availability of the products and services on Amazon India website, assisting customers in placing orders on the Amazon India website if the customer so desires, ensuring that the purchase and confirmation message is successfully received by the customer who has placed an order, following up on the order placed by the customer, if necessary, and other ancillary and related services.

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Vakrangee has entered into a partnership arrangement with Union Bank of India (UBI) to provide the loan facility for Pan India Nextgen VakrangeeKendra franchisees. Both new and existing franchisee would be eligible to avail loans from UBI. The bank is offering a special product for Vakrangee Kendra franchisee under Union Mudra Scheme.

The partnership with Union Bank of India, will boost the convenience by offering attractive loan schemes to our NextGen franchisees. Easy availability of finance is a key driver during these times and this partnership with UBI will help Nextgen Vakrangee Franchisees for availing the term loan for setting up of Vakrangee Kendra and also Working Capital loan at their nearest Union bank of India Branch.

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Suzlon Energy Ltd, Lemon Tree Hotels Ltd, Future Retail Ltd and Bank of Maharashtra are among the other losers in the BSE's 'A' group today, 17 June 2020.

Vakrangee Ltd tumbled 4.91% to Rs 37.75 at 14:53 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 4.1 lakh shares were traded on the counter so far as against the average daily volumes of 3.44 lakh shares in the past one month.

Suzlon Energy Ltd lost 4.88% to Rs 3.9. The stock was the second biggest loser in 'A' group.On the BSE, 5 lakh shares were traded on the counter so far as against the average daily volumes of 57.02 lakh shares in the past one month.

Lemon Tree Hotels Ltd crashed 4.87% to Rs 27.35. The stock was the third biggest loser in 'A' group.On the BSE, 2.09 lakh shares were traded on the counter so far as against the average daily volumes of 4.03 lakh shares in the past one month.

Future Retail Ltd corrected 4.62% to Rs 101.1. The stock was the fourth biggest loser in 'A' group.On the BSE, 3.15 lakh shares were traded on the counter so far as against the average daily volumes of 2.31 lakh shares in the past one month.

Bank of Maharashtra shed 4.42% to Rs 10.81. The stock was the fifth biggest loser in 'A' group.On the BSE, 3.5 lakh shares were traded on the counter so far as against the average daily volumes of 2.43 lakh shares in the past one month.

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Vakrangee announced Corporate Agency (Registration Code CA0249) tie up with Life Insurance Corporation of India (LIC) to distributeMicro Insurance products through Nextgen Vakrangee Kendra network.

Tie-up with Life Insurance Corporation of India, which has a strong product portfolio with adequate and flexible products to cater to all kinds of customer needs will support especially in unserved and underserved areas. Vakrangee shall provide the Solicitation and sale of the LIC'smicro insurance products. Further it also includes, Follow up for Collection and remittance of renewal premium of LIC's micro insurance policies.

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