Aurum PropTech Ltd announces it will acquire a 100% stake in Housing.com through an all-equity transaction. The company enters into a binding share acquisition agreement to purchase the entire stake from Housing.com’s current owner, Australia’s REA Group. Under the deal, Aurum PropTech will issue 1,97,93,309 equity shares, which represent about 20.5% of its enlarged share capital. Media reports put the value of the acquisition at Rs 458 crore, reflecting the consideration structure in equity.
After the transaction, REA India’s total shareholding in Aurum PropTech is expected to rise to 24.9%. At the current share price, Aurum’s market capitalisation is reported at nearly Rs 1,900 crore on the BSE.
Aurum also previously acquired the housing brokerage platform PropTiger from REA Group. The companies describe the combination of Housing.com and Aurum’s existing technology platform as an integrated ecosystem covering property discovery and real estate transactions, with plans that include AI and data-driven capabilities.
