Aurum PropTech Acquires PropTiger
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Aurum PropTech acquires PropTiger housing brokerage platform from REA Group via an all-stock deal. This acquisition expands Aurum's presence in the real estate market.
Illustration: Dominic Xavier/Rediff.com
New Delhi, Jul 23 (PTI) Aurum PropTech on Wednesday said it will acquire housing brokerage platform PropTiger from Australia's REA Group.
In a regulatory filing, Aurum PropTech informed that the Board has approved "acquisition of 100 per cent equity shares of PropTiger Marketing Services India Pvt Ltd, India."
The acquisition has been done from REA India Pte, Singapore, through an all-stock, strategic equity swap and execution of the Share Acquisition Agreement with REA and PropTiger.
The board also approved issuance of 42,42,537 equity shares (face value Rs 5) of the company on a preferential basis to REA, as a consideration for acquisition of PropTiger.
Gurugram-based PropTiger is part of REA India, which owns real estate classifieds platform Housing.com.
Recently, Aurum PropTech got markets regulator SEBI's approval to launch its Small and Medium Real Estate Investment Trust (SM-REIT), as part of the company's plan to expand business.
The company will list the SM-REIT schemes on stock exchanges, providing opportunities to retail investors to have fractional ownership of rent-yielding premium office assets.
It has received a registration certificate from the SEBI to float SM-REIT under the name AMSA SM REIT Investment Trust (AMSA).
Aurum PropTech owns and operates NestAway Technologies, a rental marketplace; Aurum Analytica, which helps real estate developers in finding customers; and Sell.do, which is into sales automation and digital transformation for real estate.
The company's total income rose to Rs 284.98 crore in 2024-25 from Rs 233.07 crore in the preceding year.
Aurum PropTech is part of Aurum Ventures, which is into various businesses, including telecom, aviation, renewable energy, and real estate.
In a regulatory filing, Aurum PropTech informed that the Board has approved "acquisition of 100 per cent equity shares of PropTiger Marketing Services India Pvt Ltd, India."
The acquisition has been done from REA India Pte, Singapore, through an all-stock, strategic equity swap and execution of the Share Acquisition Agreement with REA and PropTiger.
The board also approved issuance of 42,42,537 equity shares (face value Rs 5) of the company on a preferential basis to REA, as a consideration for acquisition of PropTiger.
Gurugram-based PropTiger is part of REA India, which owns real estate classifieds platform Housing.com.
Recently, Aurum PropTech got markets regulator SEBI's approval to launch its Small and Medium Real Estate Investment Trust (SM-REIT), as part of the company's plan to expand business.
The company will list the SM-REIT schemes on stock exchanges, providing opportunities to retail investors to have fractional ownership of rent-yielding premium office assets.
It has received a registration certificate from the SEBI to float SM-REIT under the name AMSA SM REIT Investment Trust (AMSA).
Aurum PropTech owns and operates NestAway Technologies, a rental marketplace; Aurum Analytica, which helps real estate developers in finding customers; and Sell.do, which is into sales automation and digital transformation for real estate.
The company's total income rose to Rs 284.98 crore in 2024-25 from Rs 233.07 crore in the preceding year.
Aurum PropTech is part of Aurum Ventures, which is into various businesses, including telecom, aviation, renewable energy, and real estate.
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