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Aurum PropTech has confirmed a 100% equity acquisition in PropTiger Marketing Services India Pvt Ltd from REA India Pte, Singapore, through a strategic all-stock equity swap. The deal includes issuing over 42 lakh equity shares to REA Group, the Australia-based parent of REA India. PropTiger, based in Gurugram, is part of REA India, which also owns Housing.com. The move aligns with Aurum PropTech's broader vision, including its recently SEBI-approved SM-REIT initiative and expansion across digital real estate services.
Aurum PropTech has announced its acquisition of PropTiger Marketing Services India Pvt Ltd, a Gurugram-headquartered housing brokerage platform, from REA India Pte Ltd, Singapore. The transaction was executed through an all-stock, strategic equity swap. In a regulatory filing, Aurum PropTech stated that its Board had cleared the deal, which involves transferring 100% of PropTiger's equity into Aurum's portfolio. Advertisement
To facilitate the acquisition, Aurum PropTech has issued 42,42,537 equity shares, each with a face value of INR 5, to REA as consideration. REA India, a subsidiary of Australia's REA Group, owns PropTiger and also operates the digital classifieds platform Housing.com.
This acquisition follows Aurum PropTech's recent regulatory milestone, as it secured approval from the Securities and Exchange Board of India (SEBI) to launch its Small and Medium Real Estate Investment Trust (SM-REIT). The entity, named AMSA SM REIT Investment Trust, is intended to list its schemes on Indian stock exchanges, providing retail investors with fractional ownership opportunities in premium, rent-generating commercial assets.
Aurum PropTech already operates various real estate-focused digital platforms, including NestAway Technologies, a rental property marketplace; Aurum Analytica, which supports developers in lead generation; and Sell.do, a sales automation tool aiding digital transformation within the property sector.
The company reported a rise in total income, reaching INR 284.98 crore for the financial year 2024-25, compared to INR 233.07 crore in the previous fiscal. Aurum PropTech forms part of the larger Aurum Ventures group, which maintains a diversified presence in sectors such as telecom, aviation, renewable energy, and real estate.
Source - PTI
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