New Delhi, Feb. 13 -- Shares of Vakrangee, one of India's largest last-mile distribution platforms, surged 4.95% in intraday trade on February 13 to reach Rs.15.92 per share, its upper price band, after the company announced that the Reserve Bank of India (RBI) had renewed its authorisation for White Label ATMs.

In an exchange filing on Wednesday, the company stated that the RBI has extended the validity of its authorisation to set up, own, and operate White Label ATMs (WLAs) in India until March 31, 2026.

Commenting on this renewal, Vedant Nandwana, Managing Director, Vakrangee said, "We are happy to announce the Renewal of Authorization of our White Label ATMs Business by RBI. ATM is one of the key services offered in our Vakrangee Ke...