Aurum PropTech allots shares for PropTiger Marketing Services acquisition

Aurum PropTech Limited has approved the allotment of 4,242,537 fully paid-up equity shares to REA India Pte Limited, Singapore, on a preferential basis. The shares, with a face value of INR 5/- each, were issued at an issue price of INR 203.769584/- per equity share, totaling INR 86.45 crore. This strategic move aims to acquire a 100% stake in PropTiger Marketing Services Private Limited, Bangalore, India.

PropTiger Marketing Services, which offers consultancy, marketing, and facilitation services for properties, reported a turnover of INR 85.35 crore for the financial year ended March 31, 2025. This acquisition, structured as a share swap, is expected to deepen Aurum PropTech's existing proptech ecosystem.

The allotment follows shareholder approval via a special resolution on August 21, 2025, and in-principle approvals from both BSE Limited and the National Stock Exchange of India Limited on September 24, 2025. The transaction is anticipated to conclude within 15 days of receiving all necessary approvals.