M&A M&A
Aurum PropTech acquires Housing.com at enterprise value of Rs 458-Cr
Source Economic Times (opens in a new tab)BSE Announcement (opens in a new tab)Press Release (opens in a new tab)
Mumbai-based, publicly listed Aurum PropTech is to acquire a 100% stake in the Gurgaon-based property classified platform Housing.com in an all-equity transaction. The deal, valued at an enterprise value of Rs 458-Cr, will be financed through the issuance of 1,97,93,309 equity shares. Following the transaction, Australia-based REA Group (which currently owns Housing.com) will increase its shareholding in Aurum PropTech to 24.9%.Aurum plans to use this integration to build a unified AI and data architecture that serves as an operating layer for the entire real estate ecosystem, connecting consumer demand, developer inventory, brokerage services, rentals, and transactions.