Aurum PropTech Allots 1.97 Cr Shares to REA India for Locon Solutions Acquisition
Aurum PropTech allotted 1,97,93,309 equity shares to REA India Pte. Limited at ₹231.421 per share. This is for the acquisition of 100% of Locon Solutions Private Limited. The total consideration is ₹4,58,05,87,362. REA India's post-allotment shareholding is 24.49%.
The acquisition of a significant stake and the associated share allotment will materially impact the company's capital structure, ownership, and strategic direction.
The allotment of shares for the acquisition of a 100% stake in Locon Solutions Private Limited is a positive development, indicating company growth and strategic expansion.
Aurum PropTech Limited has announced the allotment of 1,97,93,309 fully paid-up equity shares to REA India Pte. Limited, Singapore. The allotment, made on a preferential basis via a circular resolution on September 29, 2026, is for the acquisition of 100% stake in Locon Solutions Private Limited. Each share was issued at a price of ₹231.421, including a premium of ₹226.421, for a total consideration other than cash aggregating to ₹4,58,05,87,362.
This allotment is in furtherance of the Board of Directors' meeting on July 16, 2026, shareholder approval from the Extraordinary General Meeting on August 14, 2026, and in-principle approvals from BSE Limited and the National Stock Exchange of India Limited on September 28, 2026. The newly allotted shares will rank pari passu with existing equity shares and are subject to applicable lock-in requirements.
Consequent to this allotment, the company's paid-up equity share capital has increased. The total number of equity shares has risen to 9,65,58,503. REA India Pte. Limited's shareholding has increased to 24.49% on a fully diluted basis post-allotment.
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Aurum PropTech Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Aurum PropTech Limited. Read the original for the full detail.