Aurum PropTech to Acquire Housing.com for ₹458 Crore via Preferential Issue
Aurum PropTech will acquire Housing.com (Locon Solutions) for ₹458.06 crore through a preferential issue of equity shares to REA India Pte Limited. The company also approved issuing 51,00,000 warrants to its promoter, Aurum RealEstate Developers, at ₹231.42 each. An EGM on August 14, 2026, will seek shareholder approval. The acquisition is expected to conclude by September 30, 2026.
The acquisition of a major real estate platform like Housing.com is a transformative event for Aurum PropTech, significantly expanding its market reach, service offerings, and potential for future growth. This is expected to have a substantial impact on the company's business and financial performance.
The acquisition of Housing.com is a significant strategic move that is expected to enhance Aurum PropTech's market position and create a more integrated real estate ecosystem. The funding through a preferential issue and warrants suggests a well-planned financial strategy.
Aurum PropTech Limited announced a significant strategic move to acquire 100% of Locon Solutions Private Limited, the owner of Housing.com, for a total consideration of ₹458.06 crore.
This 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 seller of Locon Solutions. The company also approved the issuance of 51,00,000 Fully Convertible Warrants to Aurum RealEstate Developers Limited, a promoter, at a price of ₹231.42 per warrant.
Additionally, the Board approved the alteration of the Articles of Association to incorporate tag-along rights. The acquisition is expected to be completed by September 30, 2026, subject to shareholder and regulatory approvals.
An Extraordinary General Meeting (EGM) is scheduled for August 14, 2026, to seek shareholder approval for these transactions. The integration of Housing.com aims to create a unified AI and data architecture for the real estate ecosystem, connecting consumer demand, developer inventory, and brokerage services.
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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.