Vakrangee (VL) announced alliance with DMI Finance Private (DMI) to act as a Lead generator for offering its various loan products and collection of EMIs to citizens across Pan India.

This tie-up further expands our bouquet of services available to citizens through Vakrangee Kendras.

Citizens, especially in un-served and underserved areas shall now be able to visit nearest Vakrangee Kendra and will be able to get loan products such as Housing finance, Personal finance, Consumer finance and asset management.

This tie-up with DMI is another milestone and is a part of our expansion plan. These open-up new services from our outlets and it will further boost our customer-focused approach.

Vakrangee customers are already benefitting with easier access to millions of consumer products and Services and customers can now easily get these products on loan with easy installments.

Shares of the company gained Rs 1.55, or 0.35%, to trade at Rs 445.50. The total volume of shares traded was 26,913 at the BSE (2.01 p.m., Tuesday).