Aurum PropTech EGM on Aug 14 for acquisition, capital raise, and AoA changes

Board & Shareholder Meetings View source PDF

AURUM · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-0.8%1-day move

₹228.00

prior close

₹230.98

base price

After-mkt

timing

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-0.7-0.3-0.6-1.7-0.8-3.1+0.9———————

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AI summary

Aurum PropTech EGM on Aug 14 will seek approval for: raising investment limit to Rs 1,200 crore and loan limit to Rs 800 crore; acquiring 100 percent of Locon Solutions via preferential issue of 1.97 crore shares at Rs 231.42 each (Rs 458 crore total) to REA India; issuing 51 lakh convertible warrants to promoter at same price; and adding a Tag Along Right for REA in Articles. E-voting cut-off is Aug 7.

Likely market impact

Acquisition and capital raise; share dilution likely from preferential issue and warrant conversion; REA India gains governance rights.