Aurum PropTech allocates shares for Locon Solutions acquisition
after close1 source ↓written by the desknot a recommendation
- to REA India
- 1.98 crore equity shares
- REA India
- ₹231.42 per share
- cashless acquisition
- ₹458.06 crore
- India's stake
- 24.90%
- approved
- 29 Sep 2026
Aurum PropTech has issued 1.98 crore equity shares to REA India at ₹231.42 per share, finalizing the ₹458.06 crore cashless acquisition of Locon Solutions, owner of Housing.com. This move increases REA India's stake to 24.90%, enhancing its strategic position in Aurum's proptech portfolio.
The transaction, approved on 29 Sep 2026, strengthens Aurum's market presence and aligns with its growth strategy in the real estate sector.
Not investment advice. For informational purposes only.