Investment27 Nov 2024, 05:30 pm
Arihant Foundations secures Rs 109 crore investment from Lotus Family Trust and CaratLane founders
AI Summary
Arihant Foundations and Housing has secured a strategic investment of Rs 109 crore through preferential equity allotment from The Lotus Family Trust, managed by Madhusudan Kela, and CaratLane founders Mithun and Siddhartha Sacheti. The company plans to strengthen its capital base and expand its operations across south India, developing projects in residential, commercial, and senior housing sectors. Mithun Sacheti expressed his excitement about supporting the mission of creating outstanding urban spaces, while Kamal Lunawath, managing director of Arihant foundations, sees the relationship as valuable support to scale operations and expand footprint in South India.
Key Highlights
- Arihant Foundations secures Rs 109 crore investment from Lotus Family Trust and CaratLane founders
- The investment is aimed at strengthening the company's capital base and expanding operations across south India
- The Lotus Family Trust and CaratLane founders see potential in supporting the creation of outstanding urban spaces
- Arihant Foundations plans to develop projects in residential, commercial, and senior housing sectors
- The relationship will provide valuable support to scale operations and expand footprint in South India