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Aurum PropTech Limited — Capital/Financing Update 2022
May 25, 2022
62518_rns_2022-05-25_ed425ae5-7a98-4ca7-802e-a744ef5d6e8a.pdf
Capital/Financing Update
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Date: May 25, 2022
Listing Department BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Fort Mumbai – 400 001
Listing Department
National Stock Exchange of India Limited Bandra Kurla Complex Bandra East, Mumbai – 400 501
BSE Scrip Code: 539289
NSE Symbol: AURUM
Dear Sir / Madam,
Sub: Media Release
We attach a copy of the media release issued by the Company, titled “Aurum PropTech successfully closes the Rights Issue of Rs. 343.55 crore; issue oversubscribed; Promoter shareholding increased from 35.04% to 50.34%”.
This is for your information and dissemination on your website.
Thanking you,
Yours faithfully,
For Aurum PropTech Limited
KHUSHBU Digitally signed by KHUSHBU DILIP DILIP RAKHECHA Date: 2022.05.25 RAKHECHA 14:51:56 +05'30'
Khushbu Rakhecha Compliance Officer
www.aurumventures.in (formerly known as Majesco Limited) [email protected] CIN: L72300MH2013PLC244874 +91-22-2778 1271 Registered Office: Aurum Building Q1, Gen-4/1, TTC Industrial Area, Thane Belapur Road, Ghansoli, Navi Mumbai – 400 710, India
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MEDIA RELEASE
AURUM PropTech SUCCESSFULLY CLOSES THE RIGHTS ISSUE OF RS. 343.55 CRORE; ISSUE OVERSUBSCRIBED
PROMOTER SHAREHOLDING INCREASED FROM 35.04% TO 50.34%
Mumbai, May 25, 2022 : Aurum PropTech Limited ( formerly known as Majesco Limited) today announced that it has achieved successful closure of rights issue of INR 343.55 crore. It was oversubscribed approximately 1.05 times. The rights issue attracted interest from varied investor base including small and retail investors.
The Rights Entitlements were actively traded reflecting the interest of investors in the Rights Issue. The allotment of equity shares was competed on 19[th] May, 2022. The trading and listing approval was received on 23[rd ] May, 2022. The trading of rights shares commenced today i.e. 25[th ] May, 2022.
Mr. Ashish Deora, Founder and Chief Executive Officer of Aurum Ventures , thanking the shareholders and commenting on the success of the Rights Issue, said, “Aurum PropTech has pioneered the PropTech sector in India. This fresh infusion of capital will further institutionalise adoption of technology in real estate sector.”
Aurum PropTech is engaged in developing and providing digital technology products, services, solutions, and a platform with a specific focus on the real estate sector. Aurum PropTech is an Integrated PropTech Ecosystem, one stop solution for Real Estate technology supported by transparency and trust.
The promoter shareholding post the rights issue has increased from 35.04% to 50.34%. The rights issue proceeds will help further strengthen and provide financial flexibility to Aurum PropTech to capture future growth in line with its strategic plan.
About Aurum PropTech:
Aurum PropTech Limited (www.aurumproptech.in) is a listed company with BSE Limited (Scrip code: 539289) and National Stock Exchange of India Limited (Scrip code: AURUM). It aims to bring transparency, trust and digital transformation in real estate sector through its Integrated PropTech Ecosystem covering Customer Digital Journey, Property and Asset Management, Development, Investment and Financing of Assets.
www.aurumventures.in (formerly known as Majesco Limited) [email protected] CIN: L72300MH2013PLC244874 +91-22-2778 1271 Registered Office: Aurum Building Q1, Gen-4/1, TTC Industrial Area, Thane Belapur Road, Ghansoli, Navi Mumbai – 400 710, India
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MEDIA RELEASE
About Aurum Ventures:
Aurum Ventures (www.aurumventures.in) is a new age Real Estate Group with end-to-end capabilities from Acquisition, Design, Execution, Project Management, Property Management, Sales, Leasing and Hospitality. It is bringing digital transformation to real estate sector through its PropTech Ecosystem.
Key Contact :
Ms. Khushbu Rakhecha
Compliance Officer
+91 9930473592 [email protected]
www.aurumventures.in (formerly known as Majesco Limited) [email protected] CIN: L72300MH2013PLC244874 +91-22-2778 1271 Registered Office: Aurum Building Q1, Gen-4/1, TTC Industrial Area, Thane Belapur Road, Ghansoli, Navi Mumbai – 400 710, India