Aurum PropTech to acquire Housing.com for INR 458 Cr via share swap
AURUM · price
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Aurum PropTech's board approved acquiring 100% of Locon Solutions (owner of Housing.com) from REA India for INR 458.05 Cr via share swap. The company will issue 1.97 Cr equity shares to REA at INR 231.42 per share, raising REA's stake from 5.54% to 24.90%. Additionally, 51 lakh convertible warrants will be issued to promoter Aurum RealEstate Developers at INR 231.42 each (about INR 118 Cr). Housing.com had FY25 turnover of INR 687.46 Cr. EGM on August 14, 2026.
Major acquisition brings Housing.com under Aurum; REA becomes key shareholder at 24.9%, diluting promoter stake to 41.17% on full warrant conversion.