Arihant Foundations surges as its jointly owned LLP executes agreement to buy land in Chennai
The transaction is expected to be completed on or before February 11, 2026
Arihant Foundations & Housing is currently trading at Rs. 1211.60, up by 41.75 points or 3.57% from its previous closing of Rs. 1169.85 on the BSE.
The scrip opened at Rs. 1188.95 and has touched a high and low of Rs. 1228.00 and Rs. 1159.00 respectively. So far 5098 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1513.40 on 16-Jun-2025 and a 52 week low of Rs. 622.00 on 06-Mar-2025.
Last one week high and low of the scrip stood at Rs. 1228.00 and Rs. 1127.65 respectively. The current market cap of the company is Rs. 1220.74 crore.
The promoters holding in the company stood at 37.29%, while Institutions and Non-Institutions held 1.84% and 60.87% respectively.
Arihant Foundations & Housing’ jointly owned limited liability partnership (LLP) -- Canopy Living LLP has executed an agreement to sell (ATS) with Sundaram-Clayton for the purchase of freehold land admeasuring 16.381 acre, situated at Korattur Village, Ambattur Taluk, Chennai District, Tamil Nadu. The transaction is expected to be completed on or before February 11, 2026. An advance of Rs 25 crore has been paid, while balance consideration of Rs 535.67 crore shall be paid upon execution of the Sale Deed.
Canopy Living LLP is jointly owned by Arihant Foundations & Housing and Prestige Estates Projects.
Arihant Foundations and Housing caters to building segments such as villas, apartments, IT parks, hotels, shopping malls, multiplexes, developed plots and commercial buildings. It has a great ability to serve a diverse range of clients from individual home buyers to commercial clients to multi-unit investors.
