Aurum PropTech to acquire Housing.com owner Locon Solutions via share swap

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AURUM · price

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Price reaction · full curve 14 horizons · vs prior close

-5.2%1-day move

₹251.51

prior close

₹249.11

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AI summary

Aurum PropTech's board approved acquiring 100% of Locon Solutions (owner of Housing.com) from REA India Singapore for about 458 crore rupees via share swap. Aurum will issue 1.97 crore new shares at 231.42 rupees each to REA, raising its stake from 5.54% to 24.90%. Locon's FY25 turnover was 687 crore rupees. Promoter Aurum RealEstate Developers will additionally get 51 lakh warrants at 231.42 rupees. EGM on August 14, 2026; deal expected by September 30, 2026.

Likely market impact

Transformative deal adds Housing.com revenue base to Aurum. Significant share dilution from share-swap consideration; EGM approval still pending.