Acquisitions25 Sept 2025, 08:01 pm
Aurum PropTech to Acquire 100% Stake in PropTiger Marketing Services for INR 86.45 Crore
AI Summary
Aurum PropTech Ltd has approved the allotment of 42,42,537 equity shares at an issue price of INR 203.769584 each to REA India Pte Limited, Singapore. This is to acquire 100% stake in PropTiger Marketing Services Private Limited, Bangalore, India. The equity shares allotted on a preferential basis shall rank pari-passu with the existing fully paid equity shares of the Company in all respects. The securities allotted on preferential basis shall be subject to lock-in restriction as prescribed under Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.
Key Highlights
- Aurum PropTech to acquire 100% stake in PropTiger Marketing Services
- Total consideration INR 86.45 crore
- 42,42,537 equity shares to be allotted to REA India Pte Limited, Singapore
- Equity shares to rank pari-passu with existing shares
- Securities allotted on preferential basis subject to lock-in restriction