Aurum PropTech to Acquire Housing.com, Issue Shares to REA
Aurum PropTech Ltd announced a significant acquisition of 100% of Locon Solutions Private Limited (owner of Housing.com) from REA India Pte Limited. The company will fund this acquisition through a preferential issue of 1,97,93,309 equity shares to REA. Additionally, Aurum PropTech will issue 51,00,000 convertible warrants to its promoter, Aurum RealEstate Developers Limited, at ₹231.42 per warrant. The company also plans to alter its Articles of Association to include tag-along rights. An Extraordinary General Meeting (EGM) is scheduled for August 14, 2026, to seek shareholder approval for these transactions. The acquisition aims to integrate marketplace and transaction capabilities into a single platform.
Key Highlights
- Aurum PropTech to acquire 100% of Housing.com's parent company, Locon Solutions.
- Acquisition to be funded by issuing 1.97 crore equity shares to REA India.
- Company to issue 51 lakh convertible warrants to promoter Aurum RealEstate.
- Articles of Association to be altered to include tag-along rights.
- Shareholder approval sought via EGM on August 14, 2026.
Price Impact
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