Vakrangee share prices rise by 7 percent after company becomes debt free

After achieving the full debt free status during the March quarter, Vakrangee Limited climbed 7% on Thursday.
 
In its BSE filing, Vakrangee Ltd said, “Over the last five years, the company has repaid almost Rs 750 crores short-term debt and hence achieved short-term debt free status as on date today”. 
 
Vakrangee Limited was trading at Rs 387.45, up by Rs 23.35 or 6.41% as of 1501 hours on Thursday on the BSE. The stock had hit an intraday high of Rs 389.25.
 
Vakrangee Software Ltd offers document management services, such as, inbound scanning, digitization, workflow management, and document life cycle management. It is also a premier integrated document and printing related service provider with global scales and skills apart from engaging in software and database related services.