Aurum PropTech Limited has informed the Exchange regarding Notice of Extraordinary General Meeting to be held on August 21, 2025
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Aurum PropTech has called an EGM on August 21, 2025 (2:00 PM via video conferencing) to seek shareholder approval on two special resolutions. The first is the acquisition of 100% stake in PropTiger Marketing Services Private Limited from REA India Pte Limited for a total consideration of ₹86.45 crore, to be paid entirely through a share swap (no cash outflow). The company will issue 42,42,537 equity shares of face value ₹5 at a price of ₹203.77 per share (including premium) to REA India, making PropTiger its wholly owned subsidiary. The second resolution seeks approval to vary the objects of the earlier 2022 rights issue to add new investee entities (NestAway PropTech MENA LLC, Monk Tech Ventures, Liv Real Solution, and PropTiger Marketing Services) and to allow broader deployment of unutilized funds.
This is a meaningful consolidation move that makes PropTiger a wholly owned subsidiary without straining cash flows, since the deal is funded entirely through a share swap. Existing shareholders will see dilution from the issuance of 42.42 lakh new shares to REA India, but gain full ownership of PropTiger's business. The rights issue variation gives management more flexibility to deploy unutilized funds into new proptech ventures, which could be positive if these bets pay off, but also reduces the original purpose-restriction on those funds.