Aurum PropTech Limited (NSE:AURUM, BSE:539289) disclosed on 16 July 2026, via a Regulation 30 filing, that its Board of Directors approved the acquisition of 100% of the paid-up share capital of Locon Solutions Private Limited, owner of Housing.com, from REA India Pte Limited, Singapore. The total consideration stands at Rs 458.06 crore, to be discharged entirely through a preferential allotment of 1,97,93,309 equity shares to REA. Shareholder approval is to be sought at an EGM scheduled for 14 August 2026.
Key Highlights
- The Board approved acquisition of 100% equity shares, compulsorily convertible preference shares, and compulsorily convertible debentures of Locon Solutions Private Limited, owner of Housing.com, from REA India Pte Limited, Singapore, on a fully diluted basis.
- The total acquisition consideration is Rs 4,58,05,87,362 (approximately Rs 458.06 crore), to be discharged entirely via a preferential allotment of 1,97,93,309 equity shares of face value Rs 5 each to REA India Pte Limited.
- Post the preferential allotment, REA India Pte Limited's equity holding in Aurum PropTech will increase from 5.54% to 24.90%, making it a significant shareholder in the company.
- The Board also approved issuance of 51,00,000 fully convertible warrants to Aurum RealEstate Developers Limited, the promoter, at a price of Rs 231.42 per warrant, including a premium of Rs 226.42 per warrant.
- An Extraordinary General Meeting has been scheduled for Friday, 14 August 2026, to be held via Video Conferencing, to seek shareholder approval for the acquisition, preferential issue, warrant issuance, and alteration of the Articles of Association.
- The Board also approved alteration of the Articles of Association to incorporate provisions relating to tag-along rights in connection with the transaction.
- The transaction is expected to be completed before 30 September 2026, subject to requisite regulatory, statutory, and shareholder approvals, including in-principle listing and trading approval from the stock exchanges.
About the Company
Aurum PropTech Limited (NSE:AURUM, BSE:539289) is a technology-driven real estate platform company headquartered in India. The company operates in the proptech sector, offering technology solutions and digital services that span real estate transactions, brokerage, and data-driven platforms for the housing ecosystem. Its promoter entity is Aurum RealEstate Developers Limited. The company is listed on both the BSE and the National Stock Exchange of India. Through its existing ecosystem, Aurum PropTech connects homebuyers, developers, and brokers via integrated digital infrastructure, and is now seeking to expand this by acquiring India's prominent real estate marketplace, Housing.com.
Announcement in Detail
At its Board meeting held on 16 July 2026, which commenced at 11:15 a.m. and concluded at 11:55 a.m., Aurum PropTech Limited approved the Share Acquisition Agreement for the purchase of 100% of the paid-up share capital of Locon Solutions Private Limited from REA India Pte Limited, Singapore. Locon Solutions, incorporated on 7 March 2012 under the Companies Act, 2013, owns and operates Housing.com, described in the filing as India's leading real estate marketplace. The acquisition covers equity shares, compulsorily convertible preference shares, and compulsorily convertible debentures on a fully diluted basis, at a total consideration of Rs 4,58,05,87,362.
The consideration will be discharged not in cash but through a preferential allotment of 1,97,93,309 fully paid-up equity shares of face value Rs 5 each to REA India Pte Limited. This is a share-swap structure compliant with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. As per the disclosed shareholding table, REA currently holds 5.54% in Aurum PropTech; upon completion of the preferential allotment, its stake will rise to 24.90%. Locon Solutions reported standalone turnover of Rs 447.49 crore in FY2023-24, Rs 687.46 crore in FY2024-25, and Rs 309.93 crore (unaudited) for the first part of FY2025-26.
Separately, the Board approved issuance of 51,00,000 fully convertible warrants to Aurum RealEstate Developers Limited, the promoter, at Rs 231.42 per warrant (including a premium of Rs 226.42), each convertible into one equity share. The Board also approved alteration of the Articles of Association to incorporate tag-along rights provisions. Both the acquisition and the preferential issuances are subject to shareholder approval at the EGM to be held on 14 August 2026 via video conferencing. The transaction is stated to be at arm's length and is not a related-party transaction.
Impact on Investors
Investors will note that the acquisition consideration is structured entirely as a share swap, meaning no cash outflow is involved from Aurum PropTech's balance sheet for the purchase price. However, the disclosed terms indicate a meaningful equity dilution event. The preferential allotment of 1,97,93,309 new equity shares to REA India Pte Limited will increase REA's stake from 5.54% to 24.90%, which represents a significant expansion in the shareholding of a single external entity. Existing shareholders will observe a corresponding dilution in their proportionate holding upon completion of the allotment. Additionally, the issuance of 51,00,000 fully convertible warrants to the promoter entity at Rs 231.42 per warrant introduces a further potential dilution upon conversion, which investors should factor into their assessment of the company's capital structure.
The filing shows that the transaction is not classified as a related-party transaction and is described as being at arm's length. The alteration of Articles of Association to include tag-along rights provisions may have governance implications for shareholders, particularly in the context of REA becoming a major stakeholder post-allotment. Shareholders will observe that all key approvals, including the preferential issue, warrant issuance, Articles amendment, and the acquisition itself, are conditional on EGM approval on 14 August 2026, and completion is targeted before 30 September 2026. The filing does not disclose a lock-in period for the preferentially allotted shares, though such terms are typically governed by SEBI ICDR Regulations.
Sector / Market Context
India's online real estate marketplace segment has seen sustained growth, driven by rising urbanisation, increasing digital adoption among homebuyers, and expansion of tier-2 city housing demand. Housing.com, operated by Locon Solutions, is one of the established players in this space, offering property listings, digital marketing, lead generation, home loan brokerage, and advertising solutions to developers, brokers, and individual sellers. According to SEBI and BSE exchange data, proptech-focused listed entities have increasingly pursued consolidation to build integrated platforms combining marketplace discovery with transaction facilitation.
The Indian real estate sector has benefited from policy support including the Pradhan Mantri Awas Yojana (Urban) programme and regulatory clarity under RERA (Real Estate Regulation and Development Act, 2016). Industry bodies such as CREDAI and NAREDCO have noted growing developer adoption of digital platforms for inventory marketing. Locon Solutions reported a compound revenue increase from Rs 447.49 crore in FY24 to Rs 687.46 crore in FY25, reflecting strong sector tailwinds in digital real estate services. The integration of marketplace and transaction platforms is an emerging trend across the proptech sector globally and within India.