Investment11 April 2026 at 10:11 am
Affordable Robotic subsidiary ARAPL RaaS to raise up to ₹48 Cr
AI Summary
Affordable Robotic & Automation Ltd's subsidiary, ARAPL RaaS Private Limited, has signed a Term Sheet on April 09, 2026, with Sai Green Projects Private Limited for a proposed fund raise of up to ₹48 Crore. This investment will be made in multiple tranches through the subscription of equity shares in ARAPL RaaS Private Limited. The fund raise is contingent upon satisfactory due diligence, necessary board and shareholder approvals, and the execution of definitive agreements. This strategic initiative aims to bolster the subsidiary's capital base and support its future growth plans. Further updates are expected upon the finalization of definitive agreements.
Key Highlights
- Subsidiary ARAPL RaaS to raise up to ₹48 Cr.
- Fund raise via equity share subscription by Sai Green Projects.
- Aims to strengthen capital base and support growth plans.
- Investment is subject to due diligence and definitive agreements.