Aurum Proptech Merger & Restructuring Worth ₹98.18 Cr
Aurum PropTech to acquire 100% stake in Locon Solutions Private Limited from REA India. The transaction involves 4,242,537 shares at ₹231.42 per share.
- Value
- ₹98.18 Cr
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Aurum PropTech to acquire 100% stake in Locon Solutions Private Limited from REA India. The transaction involves 4,242,537 shares at ₹231.42 per share.
Aurum PropTech signed an agreement to acquire 100% of Housing.com in an all-equity deal. REA Group's stake in Aurum will increase to 24.9% following the transaction.
Aurum PropTech will acquire 100% of Housing.com owner Locon Solutions for Rs 458.06 Crore via share swap. The transaction is expected to conclude by September 2026.
Aurum PropTech's wholly owned subsidiaries have merged under a court-approved scheme. The merger streamlines operations and simplifies the corporate structure.