Arihant Foundations & Housing Board Approves ₹250 Crore Corporate Guarantee for Joint Venture
Published on: March 10, 2026, 9:58 p.m. | Source: scanx.trade
Arihant Foundations & Housing Limited's board approved a corporate guarantee of up to ₹250 crores on March 10, 2026, for joint venture Canopy Living LLP's term loan facility from Aditya Birla Capital Limited. The guarantee supports Canopy Living LLP's access to funding of up to ₹400 crores through an arm's length transaction with no promoter interest. The arrangement creates a contingent liability for the company with no current operational impact.
