Aurum PropTech snaps up Housing.com in ₹458 cr share swap
The deal gives REA India a 24.9% stake and adds ₹687 cr revenue. Promoter gets ₹118 cr warrants. Closing by Sep 2026.
— 3 earlier stories on Aurum Proptech Ltd. →What's new
- Board approved 100% acquisition of Housing.com owner Locon Solutions for ₹458 cr via share swap.
- REA India gets 1,97,93,309 shares at ₹231.42, raising its stake from 5.54% to 24.90%.
- Promoter gets 51 lakh convertible warrants for ₹118 cr, same price.
Why this matters
Housing.com's ₹687 cr FY25 revenue dwarfs Aurum's own scale. The all-share deal transforms the company into a dominant real-estate tech platform but heavily dilutes existing holders. Promoter warrants signal confidence, but integration risk remains high.
What we're watching
- Shareholder approval and regulatory clearances: any delays could dampen sentiment.
- Post-deal financials: pro-forma revenue and debt impact.
- How quickly Housing.com's margins improve under Aurum's ecosystem.
The full read
Aurum PropTech is buying Housing.com. Not with cash -- with shares. The board approved a ₹458 crore acquisition of Locon Solutions, which owns the portal, from REA India. REA gets 1,97,93,309 fresh shares at ₹231.42 each, lifting its stake from 5.54% to 24.90%. Separately, the promoter takes 51 lakh convertible warrants at the same price for ₹118 crore in potential cash. The math is striking: Housing.com's ₹687 crore FY25 revenue dwarfs Aurum's own ₹124 crore quarterly run rate. Even after dilution, the combined entity becomes the dominant real-estate tech platform in India. Closing is expected by September 2026. Shareholders now vote on whether that bet pays off.
Questions answered
- How will Aurum fund the ₹458 cr acquisition?
- Entirely through a preferential issue of 1,97,93,309 shares to REA India at ₹231.42 per share. No cash outlay. The promoter's ₹118 cr warrants add cash to the company.
- What stake will REA India hold after the deal?
- REA India's stake rises from 5.54% to 24.90%, making it a significant shareholder. The exact final stake depends on future warrant conversions.
- Why is the promoter issuing warrants alongside?
- The promoter, Aurum RealEstate Developers, gets 51 lakh convertible warrants at ₹231.42 each, potentially bringing ₹118 cr into the company. It shows confidence and provides growth capital.
- How does Housing.com's revenue compare with Aurum's?
- Housing.com reported ₹687 cr revenue in FY25, far exceeding Aurum's latest quarterly run rate of ~₹500 cr annualized. The scale shift is dramatic.
- What is the expected closing timeline?
- The transaction is subject to shareholder and regulatory approvals and is expected to close before September 30, 2026.
- How does this affect Aurum's debt?
- Aurum was debt-free from a recent building sale. The share swap avoids new debt, but the warrants could add ₹118 cr in cash, strengthening the balance sheet.
Aurum Proptech Ltd.
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All notes on AURUM →- 16 Jul 2026 · 12:03 PM IST Aurum PropTech snaps up Housing.com in ₹458 cr share swap
- 1d ago Aurum PropTech Q1 results on July 20, first since debt-free milestone
- 2d ago Aurum PropTech board to consider fundraising on July 16
- 56d ago Aurum Proptech sells two buildings for ₹112 cr, becomes debt-free