Aurum PropTech To Acquire Housing.com For ₹458 Cr
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Listed real estate tech company Aurum PropTech’s board has approved the acquisition of 100% of Locon Solutions, the company that owns real estate marketplace Housing.com, from Australia-based parent REA.
Aurum will acquire the business through a share swap, issuing nearly 1.98 crore new equity shares to REA at ₹231.42 apiece. The transaction values Housing.com’s parent at about ₹458.1 Cr.
Once the deal is completed, REA India’s stake in Aurum PropTech will jump to 24.9% from the current 5
Aurum will acquire the business through a share swap, issuing nearly 1.98 crore new equity shares to REA at ₹231.42 apiece. The transaction values Housing.com’s parent at about ₹458.1 Cr.
Once the deal is completed, REA India’s stake in Aurum PropTech will jump to 24.9% from the current 5
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