Aurum PropTech to buy Housing.com owner Locon for 458 crore via share swap

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

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On the reaction day the stock moved 4.1 pts less than Nifty Microcap 250 and 4.6 pts less than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Aurum PropTech will acquire 100 percent of Locon Solutions, the owner of Housing.com, from REA India for about 458 crore through a share swap. The company will issue about 1.97 crore equity shares at INR 231.42 each to REA, raising its stake from 5.54 percent to 24.90 percent. Locon had a turnover of 687.46 crore in FY25. Promoter Aurum RealEstate Developers will additionally get 51 lakh convertible warrants at INR 231.42 each. EGM is set for August 14, 2026.

Likely market impact

Major acquisition bringing Housing.com under Aurum. Significant share dilution as REA stake jumps to 24.9 percent, promoter also receives warrants.