Aurum PropTech Limited has informed the Exchange regarding a press release dated July 23, 2025, titled "Aurum Proptech approves 100% acquisition of PropTiger".
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Aurum PropTech has approved acquiring 100% of online residential brokerage firm PropTiger from REA India in an all-stock deal. REA India will receive 42,42,537 Aurum shares through a preferential allotment, giving it a 5.5% stake in Aurum. PropTiger brings a 350+ member team, FY24 revenue of ₹955 million, and 23% CAGR growth between FY22-FY24. The deal strengthens Aurum's full-stack PropTech ecosystem alongside NestAway, Sell.Do, and Aurum Analytica, targeting the ₹38,000 crore residential real estate distribution market. Prakash Tejwani will be appointed CEO and Sridhar Srinivasan elevated to CBO at PropTiger over the next 12-18 months.
The acquisition expands Aurum's residential brokerage capabilities without any cash outflow, but existing shareholders face ~5.5% dilution from the preferential share issuance. The move could enhance long-term revenue and market position if integration synergies are realised, though execution risk remains given multiple recent acquisitions.