Aurum PropTech to acquire Housing.com owner Locon for about 458 cr via share swap

Listed Co AcquisitionStrategic Transactions View source PDF

AURUM · price

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AI summary

Aurum PropTech board approved acquiring 100% of Locon Solutions (owner of Housing.com) from REA India for about 458 crores via share swap. Company will issue 1.97 crore equity shares at INR 231.42 to REA, raising REA stake from 5.54% to 24.90%. Also issuing 51 lakh convertible warrants to promoter at INR 231.42 each. EGM on Aug 14, 2026. Completion expected by Sept 30, 2026.

Likely market impact

Major acquisition of Housing.com via share swap. REA becomes key shareholder at 24.90%, significant equity dilution. Subject to shareholder approval.