M&A
Aurum PropTech acquires Housing.com at enterprise value of Rs 458-Cr
Press Release BSE Announcement Economic Times
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.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
