Aurum PropTech to Acquire Housing.com, Issue Shares & Warrants
Aurum PropTech Ltd announced a significant strategic move following its board meeting on July 16, 2026. The company has approved an agreement to acquire 100% of Locon Solutions Private Limited, the entity behind Housing.com, from REA India Pte Limited. To fund this acquisition, Aurum PropTech will issue 1,97,93,309 equity shares on a preferential basis to REA. Additionally, the company will issue 51,00,000 convertible warrants to its promoter, Aurum RealEstate Developers Limited, at INR 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.
Key Highlights
- Aurum PropTech to acquire 100% of Housing.com (Locon Solutions).
- Preferential issue of 1,97,93,309 shares to REA India for acquisition.
- Issuance of 51,00,000 warrants to promoter Aurum RealEstate Developers.
- Board meeting held on July 16, 2026, approved the transactions.
- Shareholder approval to be sought at EGM on August 14, 2026.
Price Impact
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