Arihant Foundations & Housing Limited, announced a strategic investment of Rs 109 Crore through preferential equity allotment. The investment has been secured from marquee investment funds - the Lotus Family Trust managed by Madhusudan Kela, along with CaratLane founders Mithun and Siddhartha Sacheti. The combined expertise of these seasoned investors, together with Arihant & proven track record, will drive the company to greater heights.
With this strategic partnership, Arihant Foundations aims to strengthen its capital base, empowering the company to expand its growth and project development initiatives. The funds would be utilised by Arihant foundations to expand its presence and increase its foot hold across south India by developing projects spread across residential, commercial and senior housing.
Expressing his enthusiasm for the investment, Mithun Sacheti, Founder Caratlane said, “Arihant has consistently demonstrated a commitment to quality and innovation in the real estate industry. We are thrilled to partner with our investment partners and support their mission of creating outstanding urban spaces.”
“We are thrilled to have collaborated with these strategic investors. Their insights, experience, and commitment to excellence are aligned with Arihant’s growth vision. This relationship will provide valuable support as we continue to scale our operations, innovate, and expand our footprint in South India” said Kamal Lunawath, Managing Director of Arihant Foundations, while commenting on the new partnerships.
Source : Press Release
