Aurum PropTech Limited (NSE:AURUM) disclosed on July 16, 2026, pursuant to Regulation 30 of the SEBI Listing Regulations, that its Board of Directors approved the acquisition of 100% of the paid-up share capital of Locon Solutions Private Limited, the owner of Housing.com, from REA India Pte Limited, Singapore. The total consideration stands at Rs 4,58,05,87,362, to be discharged entirely through a preferential issue of 1,97,93,309 equity shares to REA. Shareholder approval is required before the transaction is completed.
Key Highlights
- The Board approved a Share Acquisition Agreement to acquire 100% of the paid-up share capital 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, to be settled entirely via a share swap through a preferential allotment of 1,97,93,309 equity shares of face value Rs 5 each.
- Post-allotment, REA India Pte Limited's equity holding in Aurum PropTech will increase from 5.54% to approximately 24.90%, making it a significant shareholder.
- The Board separately approved issuance of 51,00,000 Fully Convertible Warrants to promoter entity Aurum RealEstate Developers Limited on a preferential basis at Rs 231.42 per warrant, including a premium of Rs 226.42 per warrant.
- An Extraordinary General Meeting has been scheduled for August 14, 2026, via Video Conferencing, to seek shareholder approval for the acquisition and related issuances.
- Locon Solutions reported a standalone audited turnover of Rs 687.46 crore for FY2024-25, up from Rs 447.49 crore in FY2023-24; unaudited turnover for FY2025-26 stands at Rs 309.93 crore (partial period).
- The Articles of Association of the Company are proposed to be altered to incorporate provisions relating to tag-along rights, subject to shareholder approval at the same EGM.
About the Company
Aurum PropTech Limited (NSE:AURUM, BSE:539289) is a technology-driven real estate platform headquartered in India. The company operates across the proptech segment, offering solutions spanning property discovery, transactions, rentals, brokerage technology, and developer-facing digital tools. Aurum PropTech is listed on both the BSE and the National Stock Exchange of India. Its promoter entity is Aurum RealEstate Developers Limited. The company operates at the intersection of real estate and technology, building an integrated ecosystem aimed at connecting homebuyers, developers, brokers, and financial service providers on a single platform.
Announcement in Detail
At its Board meeting held on July 16, 2026, commencing at 11:15 a.m. and concluding at 11:55 a.m., the Board of Directors of Aurum PropTech Limited approved the execution of a Share Acquisition Agreement for the purchase of 100% equity shares, compulsorily convertible preference shares, and compulsorily convertible debentures of Locon Solutions Private Limited from REA India Pte Limited, Singapore. Locon Solutions, incorporated on March 7, 2012, owns the brand Housing.com and is engaged in real estate property listing services, digital marketing, lead generation, home loan brokerage, content development, and advertising visualisation solutions for developers, brokers, and homeowners. Its authorised share capital stands at Rs 68,31,50,000 and paid-up share capital at Rs 28,04,13,087.
The consideration of Rs 4,58,05,87,362 will be discharged entirely 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, in compliance with Chapter V of the SEBI ICDR Regulations, 2018 and the Companies Act, 2013. REA currently holds 5.54% in Aurum PropTech on a pre-issue basis; following the allotment, its holding will rise to approximately 24.90%. Separately, the Board approved the issuance of 51,00,000 Fully Convertible Warrants to the promoter entity, Aurum RealEstate Developers Limited, at Rs 231.42 per warrant for cash consideration, with each warrant carrying the right to subscribe to one equity share.
The company has stated that the strategic rationale for the acquisition is to create a single AI and data architecture that acts as the operating layer for the entire real estate ecosystem, connecting consumer demand, developer inventory, brokerage operations, rentals, and transactions. The transaction is not classified as a related party transaction. The acquisition is expected to be completed before September 30, 2026, subject to requisite regulatory and shareholder approvals. In-principle listing and trading approval from the stock exchanges is also required for the shares issued pursuant to the preferential allotment. The Articles of Association are proposed to be amended to incorporate tag-along rights provisions.
Impact on Investors
Investors will note that the acquisition consideration is structured entirely as a share swap, with no cash outflow from Aurum PropTech's balance sheet for the purchase price. However, the filing shows that the preferential allotment of 1,97,93,309 new equity shares to REA India Pte Limited will result in equity dilution for existing shareholders. REA's stake will move from 5.54% to approximately 24.90% post-allotment, making it a near-quarter stakeholder in the company. Shareholders will observe that the simultaneous preferential issuance of 51,00,000 warrants to the promoter entity adds a further layer of potential dilution if and when those warrants are converted into equity shares at Rs 231.42 each. Both issuances are subject to shareholder approval at the EGM scheduled for August 14, 2026.
The filing indicates that the acquired entity, Locon Solutions, reported turnover growth from Rs 447.49 crore in FY2023-24 to Rs 687.46 crore in FY2024-25 on an audited standalone basis. Investors will observe that the proposed alteration of the Articles of Association to include tag-along rights introduces a structural governance change that may affect how future stake sales by significant shareholders are handled. As Investment Relevance for this announcement is rated High, the specific risk factor shareholders should note is equity dilution arising from both the preferential share allotment and the warrant issuance. The transaction remains conditional on shareholder and regulatory approvals, and no completion is assured until those conditions are met.
Sector / Market Context
India's online real estate marketplace segment has seen sustained growth, driven by increasing digital adoption among homebuyers and the expansion of co-broking and digital lead generation models. Housing.com is one of India's well-established property search portals, competing in a market that also includes platforms such as 99acres and MagicBricks. The consolidation of marketplace and transaction platforms under a single technology entity reflects a broader trend in Indian proptech, where companies are seeking to capture more of the real estate transaction value chain rather than operating purely as listing or discovery platforms.
The Indian real estate sector has experienced a period of strong residential demand, as reported by industry bodies including CREDAI and JLL India, with new launch and sales volumes in key markets remaining elevated through FY2024-25. The integration of AI and data-driven tools into property discovery, financing, and transactions has become a stated priority for several proptech players. SEBI's ICDR Regulations govern the preferential allotment process that underpins this transaction, providing a regulatory framework for the share swap structure chosen by Aurum PropTech.