25 Mar 2022 , 03:43 PM
Upon completion of the acquisition, a further infusion of an amount up to Rs18 crore shall be made in HelloWorld through either fresh equity/ loan/ line of credit/ convertible note in the form of growth capital.
The investment aligns with Aurum PropTech’s strategy to create an Integrated PropTech Ecosystem focused on the complete value chain of Real Estate.
Acquisition of equity shares, to hold 100% of share capital shall be done in one tranche on or before December 2022, subject to complying with closing conditions.
HelloWorld reaches across 16 cities in India offering shared living to Indian millennials with more than 10,000 contracted beds, being one of India’s largest co-living enterprises.
Aurum PropTech ended at Rs123.85, up by Rs3.75 or 3.12% against its previous closing of Rs120.10. It touched an intraday high and low of Rs125.50 and Rs116.60 respectively in today’s trade.
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.
Invest wise with Expert advice