Vakrangee has announced a partnership with MYPACCO, an online logistic solutions provider. This partnership with MYPACCO will allow the company to offer convenient access to domestic as well as international courier services at competitive prices to citizens in their neighbourhood.

Vakrangee Kendra customers will now be able to send parcels to more than 14,000 pin codes in India and to 200 countries. With this partnership, the company has added another essential and widely used service to the basket of services that are being offered through its last-mile retail outlets called 'Vakrangee Kendra'.

As per the arrangement with MYPACCO, Vakrangee Kendras will collect the courier parcels from customers and will provide payment collections facility for the services rendered to them. Customers will also be able to make payments using their Jan Dhan Yojana accounts opened at these Kendras. Further, the internet connectivity available at these Kendras would allow real-time tracking of the parcels for customers.

Shares of the company declined Rs 15.85, or 12.68%, to trade at Rs 109.15. The total volume of shares traded was 334,465 at the BSE (9.44 a.m., Monday).