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Arvind Smartspaces is currently trading at Rs. 231.65, up by 12.95 points or 5.92% from its previous closing of Rs. 218.70 on the BSE.

The scrip opened at Rs. 224.00 and has touched a high and low of Rs. 233.95 and Rs. 221.80 respectively. So far 1440 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 258.10 on 11-Jan-2022 and a 52 week low of Rs. 113.35 on 24-Aug-2021.

Last one week high and low of the scrip stood at Rs. 233.95 and Rs. 233.95 respectively. The current market cap of the company is Rs. 928.64 crore.

The promoters holding in the company stood at 53.82%, while Institutions and Non-Institutions held 9.53% and 36.64% respectively.

Arvind SmartSpaces has inked an agreement with HDFC Capital Affordable Real Estate Fund - 3 (HCARE - 3) for the creation of residential development platform with a revenue potential of upto Rs 5000 crore. This follows an earlier announcement of the Board approval for the same on August 12, 2022.

The company has incorporated a wholly owned subsidiary named ‘Arvind SmartHomes to house the projects to be acquired under this platform wherein Arvind SmartSpaces (as promoter) and HDFC Capital Advisors as Investment Manager of HDFC Capital Affordable Real Estate Fund - 3 (HCARE - 3), shall make investments of Rs 300 crore and Rs 600 crore respectively from time to time for acquisition and construction of real estate projects in India.

Two of India’s most trusted brands- HDFC and Arvind SmartSpaces together are committed to unlock tremendous value for its stakeholders through this new initiative. The Platform will create overall revenue potential of upto Rs 5000 crore excluding reinvestment potential. Over the next 12 months, 6-7 projects are expected to be acquired through this platform.

Arvind SmartSpaces is engaged in to the business of Construction and Real Estate.