Aurum PropTech buys Housing.com for ₹458 crore in 2026

Deal snapshot: Housing.com moves to Aurum PropTech

Aurum PropTech Limited has agreed to acquire Housing.com from REA India Pte Ltd, Singapore, in a consolidation move that it says will create India’s largest proptech company. The acquisition is structured as the purchase of 100% of Locon Solutions Private Limited, the company that owns Housing.com. Aurum has valued the transaction at ₹458 crore. Instead of a cash payment, the deal will be settled through a share swap via a preferential issue of new Aurum PropTech shares to REA India.

The structure matters for investors because it materially changes Aurum’s shareholding mix while keeping the company’s stated position intact: management and control are not expected to change. The proposal also sits alongside a separate capital-raising plan through warrants to a promoter entity, which will bring cash into the company if fully converted.

The all-stock structure: preferential allotment to REA India

To discharge the purchase consideration for Locon Solutions, Aurum PropTech’s board approved a preferential allotment of 1,97,93,309 equity shares to REA India Pte Ltd. The issue price disclosed for this leg of the transaction is ₹231.42 per share. Aurum has described this as consideration for the 100% acquisition of Locon Solutions Private Limited.

In parallel disclosures, Aurum also referenced a preferential issue of 42,42,537 equity shares to REA India Pte Limited at ₹203.77 per share, which resulted in REA holding about 5.54% in Aurum PropTech. That earlier stake is the base from which REA’s ownership is expected to rise after the Housing.com transaction.

How REA India’s stake changes after the acquisition

Following the allotment linked to the Housing.com acquisition, REA India’s shareholding in Aurum PropTech is expected to increase sharply. Aurum has stated that REA’s holding is expected to move from about 5.54% (pre-issue) to 24.90% (post-issue). After the transaction, REA India becomes one of Aurum PropTech’s largest shareholders.

The company has also clarified key governance implications in its disclosures: despite the increased stake, it does not expect any change in control. Aurum has further indicated that no open offer is triggered based on the proposed share issuance, and that lock-in provisions for the new shares will apply as per SEBI regulations.

Promoter warrants: ₹118.02 crore planned cash raise

Alongside the REA allotment, Aurum PropTech’s board approved a preferential issue of 51,00,000 fully convertible warrants to promoter entity Aurum RealEstate Developers Limited. The warrants are proposed to be issued at the same price as the REA allotment described in the EGM-related proposal, and are expected to raise ₹118.02 crore in cash if fully converted.

Aurum has disclosed the proposed use of proceeds from this warrant-related fundraise. The company earmarked ₹90.00 crore for investment in subsidiary companies, ₹14.00 crore for strategic acquisitions, and ₹14.02 crore for general corporate purposes. This cash component is separate from the Housing.com acquisition consideration, which is proposed to be met via shares.

EGM vote and timeline: August 14, 2026 and Sept 30, 2026

Shareholders are set to vote on the acquisition-linked and fund-raise resolutions at an Extraordinary General Meeting (EGM) scheduled for August 14, 2026 at 2:00 PM IST. Aurum has stated the EGM will be held through video conferencing or other audio-visual means.

The company has also indicated that the acquisition is subject to shareholder and regulatory approvals. Based on the disclosed timeline, the transaction is expected to close before September 30, 2026, assuming approvals come through.

Corrigendum to EGM notice: dilution and fully diluted shareholding

Aurum PropTech issued a corrigendum to its EGM notice dated August 06, 2026, adding details around preferential issues and the fully diluted shareholding pattern. The corrigendum outlines how holdings look on a fully diluted basis after the proposed issuances.

Under the fully diluted view shared by the company, the promoter stake is expected to reduce to 39.89%, while public shareholding is expected to increase to 60.11%. Aurum also disclosed that total equity capital is projected to rise from 7,67,36,194 shares to 10,48,97,316 shares after the relevant issuances.

The corrigendum also included disclosures regarding REA India’s ownership profile. Aurum stated that REA India Pte Limited is ultimately owned by News Corporation via REA Group Limited, and that no natural person holds direct shares in REA India Pte Limited, resulting in no identifiable natural person as the ultimate beneficial owner.

Prior consolidation steps: PropTiger stake and earlier REA allotment

The Housing.com acquisition follows Aurum PropTech’s earlier acquisition of PropTiger, which is referenced as part of the broader consolidation. The article data also notes that REA India got a stake in Aurum PropTech earlier, described as being linked to the PropTiger transaction.

Separately, Aurum disclosed that it issued 42,42,537 equity shares to REA India Pte Limited, Singapore, at ₹203.77 per share, giving REA a 5.54% stake at that point. The proposed Housing.com share swap then expands REA’s holding to 24.90%.

Market impact: ownership, dilution, and what changes operationally

From a market perspective, the core impact is ownership reconfiguration rather than a cash outflow for the Housing.com acquisition, since it is structured as an all-stock transaction. Existing shareholders face dilution due to the issuance of 1,97,93,309 new equity shares to REA India as consideration. Promoter ownership also reduces on a fully diluted basis, from 47.89% to 39.89%, according to the corrigendum.

Operationally, Aurum’s disclosures emphasize continuity: it has stated that no change in management or control is expected even after REA’s stake rises to 24.90%. The company has also noted regulatory features relevant to investors, including lock-in periods for the new shares in line with SEBI rules, and that no open offer is triggered per the disclosed structure.

Key figures table

Additional disclosures: ESOP allotments and shareholder rights

Aurum also reported equity issuances unrelated to the REA and warrant proposals, including 77,667 shares allotted under its ESOP Plan 2021 on April 23, 2026 and 29,000 ESOP shares allotted on July 20, 2026. These updates add context on the company’s broader equity movements during the year.

Separately, the article data notes that Aurum’s board has amended governance arrangements to provide REA India “tag-along” rights if it holds at least a 10% stake in the company. This is relevant given REA’s expected post-transaction holding of 24.90%.

Conclusion: what to watch next

Aurum PropTech’s proposed acquisition of Housing.com via the purchase of Locon Solutions for ₹458 crore is a major step in its consolidation strategy, executed through an all-stock preferential allotment that takes REA India’s stake to 24.90%. Shareholders are scheduled to vote on the relevant preferential issues at the August 14, 2026 EGM, and the company has guided that the transaction is expected to close before September 30, 2026, subject to shareholder and regulatory approvals. Investors will track the outcome of the EGM resolutions, the final allotment mechanics, and subsequent regulatory clearances referenced in the company’s filings.