StockWatch
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IT Enabled Services
Acquisitions29 Sept 2026, 09:50 pm

Aurum PropTech Allots 1.97 Cr Shares to REA India for Locon Acquisition

AI Summary

Aurum PropTech Limited has allotted 1,97,93,309 fully paid-up equity shares to REA India Pte. Limited, Singapore, on a preferential basis. The allotment, made via a circular resolution on September 29, 2026, is for the acquisition of 100% stake in Locon Solutions Private Limited. The issue price was ₹231.421 per share, with a total consideration of approximately ₹4,580.59 crore (other than cash). This transaction increases Aurum PropTech's paid-up equity share capital. The shares rank pari passu with existing shares and are subject to lock-in requirements.

Key Highlights

  • Aurum PropTech allotted 1.97 crore shares to REA India Pte. Limited.
  • Allotment is for acquiring 100% stake in Locon Solutions Private Limited.
  • Transaction value is approximately ₹4,580.59 crore (non-cash consideration).
  • Post-allotment, REA India's shareholding increases to 24.49%.
  • Company's paid-up equity share capital has increased significantly.