Arihant Foundations surges 5% as it joins hands with Prestige to buy 16.38-acre land in ChennaiArihant Foundations surges 5% as it joins hands with Prestige to buy 16.38-acre land in Chennai

Introduction

Leading real estate developer disclosed that Canopy Living LLP signed an agreement to buy 16.381 acre freehold land in Chennai from Sundaram Clayton Limited January.

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Share price movement of Arihant Foundations

On January 9, 2026, Arihant Foundations & Housing Ltd opened at ₹1,188.95, up 1.63% from its previous close of ₹1,169.85. The stock hit a high of ₹1,228.00 (4.97%) and a low of ₹1,159.00. By 3:06 PM, it traded at ₹1,200.00, up 2.58%, with a market capitalisation of ₹1,195.87 crore.

Arihant-Prestige Buy Chennai Land

Arihant Foundations & Housing Limited informed exchanges that Canopy Living LLP signed an agreement to sell on January 8, 2026, to purchase 16.381 acres of freehold land in Korattur, Chennai.

The land is being acquired from Sundaram-Clayton Limited. The transaction is subject to agreed conditions precedent and is expected to be completed on or before February 11, 2026.

An advance consideration of Rs 25 crore has been paid. The remaining Rs 535.67 crore will be paid upon execution of the sale deed, as disclosed under SEBI regulations.

Stock performance of Arihant Foundations for Period of 1 week, 6 months, and 1 year

Arihant Foundations & Housing Ltd declined 2.26% over the past week and fell 10.6% in the past six months. The stock gained 41.0% over the past one year.

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Shareholding pattern of Arihant Foundations

Particulars	Sep 2025	Jun 2025	Mar 2025
Promoter	37.30%	37.30%	37.00%
FII	0.00%	0%	0.00%
DII	1.80%	1.80%	1.80%
Public	60.90%	60.90%	61.20%

About Arihant Foundations

Arihant Foundations & Housing Ltd (BSE: 531381) incorporated in 1992, develops residential, commercial projects and IT parks in Chennai, mainly through joint development real estate projects.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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