Aurum PropTech to acquire Housing.com via INR 458 Cr share swap
AURUM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Aurum PropTech board approved acquiring 100% of Locon Solutions Private Limited (owner of Housing.com) from REA India, Singapore for INR 458.05 crores via share swap. Aurum will issue 1.97 crore equity shares at INR 231.42 each to REA, raising its 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. Articles to be altered giving REA tag-along rights. EGM on August 14, 2026, deal expected by September 30, 2026.
Transformative acquisition gives Aurum ownership of Housing.com brand. Share swap dilutes existing holders; REA becomes 24.9% shareholder.