Aurum PropTech will acquire Locon Solutions (Housing.com) for ₹458.06 crore. REA India Pte Limited will become a strategic partner with a 24.90% stake. Promoter warrants are also being issued.
Aurum PropTech to Acquire Housing.com for ₹458 Crore
Aurum PropTech Ltd announces acquisition of Locon Solutions Private Limited (Housing.com) for ₹458.06 crore.
Reader Takeaway: Strategic acquisition to build integrated real estate ecosystem; significant stake dilution for existing shareholders.
What just happened
Aurum PropTech Ltd has agreed to acquire Locon Solutions Private Limited, which operates the real estate portal Housing.com, for a total consideration of ₹458.06 crore. As part of the deal, REA India Pte Limited will invest and hold a 24.90% stake in Aurum PropTech post-issue.
Why this matters
This acquisition is a significant strategic move for Aurum PropTech to create a unified AI and data architecture for the entire real estate ecosystem. It aims to connect demand, inventory, brokerage, and rentals, positioning the company to offer a comprehensive platform. The increased stake by REA India also signals strong institutional backing.
The backstory
The target entity, Locon Solutions Private Limited, reported audited turnover of ₹447.49 crore in FY24 and ₹687.46 crore in FY25. The acquisition is expected to be completed before September 30, 2026, with shareholder approval sought on August 14, 2026.
What changes now
Aurum PropTech will issue 1,97,93,309 equity shares to REA India Pte Limited to fund the acquisition, increasing REA's stake from 5.54% to 24.90%. Additionally, 51 lakh warrants are being issued to the promoter, Aurum RealEstate Developers Limited, at ₹231.42 per warrant. The company's Articles of Association will be updated to include 'Tag-Along Rights' for REA India.
Risks to watch
The transaction is subject to regulatory, statutory, and shareholder approvals, with the EGM on August 14, 2026, being a key milestone. The promoter warrants have an 18-month conversion period, and investors should track their exercise.
Context metrics
- Acquisition Consideration: ₹458.06 crore
- REA India Post-Issue Stake: 24.90%
- Promoter Warrant Issue: 51 lakh warrants at ₹231.42 each
- Expected Completion: Before September 30, 2026
- Shareholder Approval EGM: August 14, 2026
What to track next
Investors should closely monitor the shareholder approval at the EGM and the subsequent integration progress of Housing.com into Aurum PropTech's platform. The conversion of promoter warrants will also be a key event to watch.