Vakrangee has entered an alliance with Reliance Nippon Life Asset Management (Formerly Reliance Capital Asset Management), which shall offer distribution of mutual fund products to the Citizens on PAN India basis.

As per the arrangement with Reliance Mutua l Fund, Vakrangee through its Nextgen Vakrangee Kendras will offer mutual fund distribution and help Reliance Mutual Fund to extend their reach to un-served and under-served areas.

This tie-up further expands the company's bouquet of services available to citizens through Vakrangee Kendras.

Shares of the company gained Rs 1.35, or 2.57%, to trade at Rs 53.80. The total volume of shares traded was 278,054 at the BSE (9.33 a.m., Friday).