Latest news with #AurumPropTech
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Business Standard
6 days ago
- Business
- Business Standard
Aurum PropTech acquires home brokerage platform PropTiger for ₹86.45 cr
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' Press Trust of India New Delhi Aurum PropTech Ltd on Wednesday announced acquisition of housing brokerage platform PropTiger from Australia's REA Group for ₹86.45 crore as part of its expansion plan. The company will issue preferential shares to REA India as consideration for the acquisition of PropTiger. 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 approved issuance of 42,42,537 equity shares (face value ₹5) of the company on a preferential basis to REA, as a consideration for acquisition of PropTiger. The cost of acquisition is ₹86.45 crore, it added. Post-issue of preferential shares, REA India will have 5,54 stake in Aurum PropTech Ltd. Gurugram-based PropTiger, which is part of REA India that owns real estate classified platform had posted a turnover of ₹100.93 crore for the 2023-24 fiscal year. PropTiger was founded by Dhruv Agarwala in 2011. REA Group acquired a controlling interest in as well as PropTiger in 2020. In April this year, Agarwala resigned as the CEO of REA India. REA India has appointed Praveen Sharma as its new Chief Executive Officer (CEO). 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 which is into sales automation and digital transformation for real estate. The company's total income rose to ₹284.98 crore in 2024-25 from ₹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. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
News18
6 days ago
- Business
- News18
Aurum PropTech acquires home brokerage platform PropTiger for Rs 86.45cr
New Delhi, Jul 23 (PTI) Aurum PropTech Ltd on Wednesday announced acquisition of housing brokerage platform PropTiger from Australia's REA Group for Rs 86.45 crore as part of its expansion plan. The company will issue preferential shares to REA India as consideration for the acquisition of PropTiger. 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 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. The cost of acquisition is Rs 86.45 crore, it added. Post-issue of preferential shares, REA India will have 5,54 stake in Aurum PropTech Ltd. Gurugram-based PropTiger, which is part of REA India that owns real estate classified platform had posted a turnover of Rs 100.93 crore for the 2023-24 fiscal year. PropTiger was founded by Dhruv Agarwala in 2011. REA Group acquired a controlling interest in as well as PropTiger in 2020. In April this year, Agarwala resigned as the CEO of REA India. 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 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. PTI MJH MJH DR DR view comments First Published: July 23, 2025, 16:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
News18
6 days ago
- Business
- News18
Aurum PropTech acquires housing brokerage platform PropTiger
Agency: PTI 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 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 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. PTI MJH DR DR view comments First Published: July 23, 2025, 16:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
News18
19-07-2025
- Business
- News18
Aurum PropTech gets SEBI nod to launch SM-REIT
New Delhi, Jul 19 (PTI) Aurum PropTech has 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 for retail investors to have fractional ownership of rent-yielding premium office assets. In a regulatory filing on Friday, Aurum PropTech said it is the first public listed company in India to receive a registration certificate from the SEBI as a SM-REIT under the name AMSA SM REIT Investment Trust (AMSA). 'This milestone marks the beginning of AMSA's journey to provide transparent, structured, and regulated access to high-quality real estate investment opportunities for individual investors across India," Aurum PropTech said. The company said that the SM-REIT platform AMSA is evaluating many income-generating commercial properties and the first scheme will be launched soon. Onkar Shetye, Executive Director, Aurum PropTech, said: 'The SM REIT framework provides a perfect platform for investors seeking stable financial products that offer attractive yields while being backed by hard assets." Aurum PropTech owns and operates NestAway Technologies, a rental marketplace; Aurum Analytica, which helps real estate developers in finding customers; and 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. PTI MJH HVA view comments First Published: July 19, 2025, 10:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
News18
19-07-2025
- Entertainment
- News18
'Fearless' Felix Baumgartner Passes Away In Paraglide Crash
Last Updated: Baumgartner, the first man to brave the 24-mile leap through the stratosphere over a decade ago, was a victim of a paraglide crash as he smacked into the side of a swimming pool. Felix Baumgartner met his untimely end in Italy on Thursday as the extreme athlete passed away following a crash along the eastern coast of the peninsular nation. Baumgartner, the first man to brave the 24-mile leap through the stratosphere over a decade ago, was a victim of a paraglide crash as he smacked into the side of a swimming pool in Porto Sant'Elpidio. The Mayor of the region, Massimiliano Ciarpella, expressed his devastation at the tragic news and termed the daredevil a symbol of bravery. 'Our community is deeply affected by the tragic disappearance of Felix Baumgartner, a figure of global prominence, a symbol of courage and passion for extreme flight," Ciarpella said. Baumgartner came to mainstream prominence following his dive from the edge of space, with which he broke the soundbarrier in a nine minute descent from nearly 40 Kilometers' up in the sky. 'When I was standing there on top of the world, you become so humble, you do not think about of breaking records anymore, you do not think of about gaining scientific data," he said at the conlusion of his iconic dive in the year 2012. 'The only thing you want is to come back alive," he said. He commented on the feat of breaching the sound barrier with a remark that read, 'hard to describe because you don't feel it." 'Sometimes we have to get really high to see how small we are," he said. Location : Italy First Published: July 19, 2025, 10:27 IST Latest News Aurum PropTech gets SEBI nod to launch SM-REIT Agency feeds Agency feeds India, US teams conclude fifth round of talks for proposed trade pact: Official Agency feeds UP: 6 killed as mini-van crashes into truck on Yamuna Expressway Hollywood Jimmy Fallon 'Shocked' By The Late Show's Cancellation, Voices Support For Stephen Colbert Viral Wrong Couple On Kiss Cam? This Time, Chris Martin Smoothly Turns It Into A Roast latest news
