Aurum PropTech Limited to Acquire Housing.com Parent Entity for INR 458 Crore
Aurum PropTech Limited has approved the acquisition of Locon Solutions Private Limited, the owner of the real estate marketplace Housing.com, from Singapore-based REA India Pte Limited. The transaction involves the purchase of 100% of the paid-up share capital of the target entity on a fully diluted basis.The total consideration for the acquisition is INR 4,58,05,87,362. The primary objective of this move is to integrate Housing.com into the Aurum PropTech ecosystem to create a unified AI and data architecture. This platform will function as an operating layer for the real estate ecosystem, connecting consumer demand, developer inventory, brokerage services, rentals, and transactions.
To fund the acquisition, the company will issue 1,97,93,309 fully paid-up equity shares on a preferential basis to REA India Pte Limited. Following this issuance, the shareholding of REA in the company is expected to rise from 5.54% to 24.90%.
| Shareholder Details | Pre-Issue Holding (%) | Number of Shares to be Allotted | Post-Issue Holding (%) |
|---|---|---|---|
| REA India Pte Limited, Singapore | 5.54 | 1,97,93,309 | 24.90 |
The company also approved the issuance of 51,00,000 fully convertible warrants to its promoter and existing shareholder, Aurum RealEstate Developers Limited. These warrants are offered on a preferential basis at a price of INR 231.42 per warrant, which includes a premium of INR 226.42. The total aggregate consideration for these warrants is up to INR 1,18,02,47,100. Each warrant carries the right to subscribe to one equity share, and the tenure for exercising these rights will not exceed 18 months from the date of allotment.
| Warrant Details | Description |
|---|---|
| Total Warrants | 51,00,000 |
| Issue Price | INR 231.42 per Warrant |
| Aggregate Consideration | Up to INR 1,18,02,47,100 |
| Pre-Issue Holding (%) | 47.89% |
| Post-Conversion Holding (%) | 41.17% |
In addition to the acquisition and share issuances, Aurum PropTech Limited will alter its Articles of Association to incorporate tag-along rights. These provisions allow REA India Pte Limited to participate in the sale of promoter shares under specific conditions. If a member of the promoter group proposes to sell at least 5% of the paid up share capital, REA has the right to join the sale provided it holds at least 10% of the company's paid up share capital. The transaction is expected to be completed before September 30, 2026.
The target entity, Locon Solutions Private Limited, was incorporated in March 2012 and provides a range of services including property listing, digital marketing, content development, and lead generation for the real estate sector.
| Financial Year | Turnover (Standalone) |
|---|---|
| 2023-24 | INR 447.49 Crores |
| 2024-25 | INR 687.46 Crores |
| 2025-26 | INR 309.93 Crores (Unaudited) |
AURUM Stock Price Movement
As of 1:30 PM, shares of Aurum Proptech Limited are slipping by 0.92% in live trading, currently at ₹248.5. The stock is seeing active turnover with a volume of 205,276 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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