Aurum PropTech to acquire Housing.com for ₹458 Crore via preferential allotment
Aurum PropTech will acquire Housing.com for ₹458 crore by issuing 1.97 crore equity shares to REA India Pte Limited. Additionally, 51 lakh warrants will be issued to Aurum RealEstate Developers Limited. An EGM is scheduled for August 14, 2026, with acquisition completion targeted by September 30, 2026.
The acquisition of a major real estate marketplace like Housing.com, coupled with a significant equity issuance and warrant placement, is expected to have a substantial impact on Aurum PropTech's business operations, market share, and financial structure.
The acquisition of Housing.com is a strategic positive development that is expected to integrate marketplace and transactions into a single platform, enhancing Aurum PropTech's ecosystem and market position.
Aurum PropTech Limited has announced a significant strategic move to acquire 100% of Locon Solutions Private Limited, the owner of Housing.com, for a total consideration of ₹4,580,587,362 (approximately ₹458 crore).
The acquisition will be funded through a preferential issue of 1,97,93,309 equity shares of Aurum PropTech to REA India Pte Limited, Singapore, the current owner of Locon Solutions.
In addition to the acquisition, Aurum PropTech will also issue 51,00,000 fully convertible warrants to its promoter, Aurum RealEstate Developers Limited, at a price of ₹231.42 per warrant. This move aims to strengthen the company's capital structure and support future growth.
The company's Board of Directors also approved the alteration of its Articles of Association to incorporate tag-along rights, a move designed to protect the interests of minority shareholders, particularly REA India Pte Limited, which will become a significant shareholder post-acquisition.
An Extraordinary General Meeting (EGM) has been scheduled for August 14, 2026, to seek shareholder approval for these transactions. The acquisition is expected to be completed by September 30, 2026, subject to regulatory and shareholder approvals.
What to do with a filing like this
Aurum PropTech Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. 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.