India, July 16 -- 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 Rs.231.42 apiece. The transaction values Housing.com's parent at about Rs.458.1 Cr.

Once the deal is completed, REA India's stake in Aurum PropTech will jump to 24.9% from the current 5.54%, making it one of the company's largest shareholders.

The acquisition is expected to close before September 30, 2026, subject to shareholder and regulatory approvals.

Separately, Aurum PropTech will issue 51 lakh convertible...