Aurum PropTech Limited has informed the Exchange regarding a press release dated March 12, 2026, titled "Aurum PropTech Exits non-core Assets for INR 112 Crores,Builds War Chest to Scale AI Led PropTech".
AURUM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Aurum PropTech's Board has approved the sale of Buildings Q5 and Q6 at Millennium Business Park, Navi Mumbai, for INR 112 Crores, which is about 15% above the valuers' estimate. The assets have a book value of roughly INR 27 Crores, meaning the company will book a sizeable profit on the deal. The company plans to use part of the proceeds (INR 56 Crores) to prepay its Lease Rental Discounting facility, which is expected to make Aurum debt-free after the deal closes. The remaining funds will be deployed into building AI capabilities across its rental, distribution, and capital businesses. The transaction is expected to close by June 30, 2026, subject to regulatory approvals.
Positive for shareholders — the sale generates a large profit on a low book value, strengthens the balance sheet by eliminating debt, and frees up capital for the company's strategic AI-PropTech push. Short-term stock reaction is likely favorable given the value unlocking, though execution and deployment of the AI strategy will be key to long-term gains.