Aurum PropTech To Acquire Housing.com For ₹458 Cr

Listed real estate tech company Aurum PropTech’s board has approved the acquisition of 100% of Locon Solutions, the company that owns real estate marketplace Housing.com, from Australia-based parent REA. Aurum will acquire the business through a share swap, issuing nearly 1.98 crore new equity shares to REA at ₹231.42 apiece. The transaction values Housing.com’s parent at about ₹458.1 Cr.