New Delhi, July 22 -- Shares of Vakrangee, one of India's largest last-mile distribution platforms, gained nearly 2% in Tuesday's intraday trade, reaching the day's high of Rs.9.97 apiece. The rise came after the company announced a strategic corporate agency tie-up with Shriram General Insurance Company, which will allow Vakrangee to offer a wide array of general insurance products through its extensive network of Vakrangee Kendras across the country

"This tie-up will enable Vakrangee Kendras, predominantly located in unserved and underserved rural and semi-urban areas, to offer comprehensive general insurance solutions, including health, motor, travel, and commercial insurance catering to retail, rural, SME, and corporate customer segm...