Arvind SmartSpaces raises Rs 85 crore through H-CARE 1

Arvind SmartSpaces, the real estate company of Arvind Group, has raised Rs 85 crore through HDFC Capital Affordable Real Estate Fund-1 (H-CARE 1).

 

The Board of Directors of approved the allotment of 6.85 million equity share aggregating to about Rs 85 crore to H-CARE 1 and the promoters of ASL at the price of Rs 124/sh.