Aurum Ventures
 | |
| Private company | |
| ISIN | 🆔 INE898S01029 |
| Industry | Investment management |
| Founded 📆 | 1999 |
| Founder 👔 | Ashish Deora[1] |
| Headquarters 🏙️ | , , |
Area served 🗺️ | Worldwide |
| Members | |
Number of employees | |
| Subsidiaries | Aurum PropTech Ltd |
| 🌐 Website | Official website |
| 📇 Address | |
| 📞 telephone | |
Aurum Ventures is a real estate and venture capital investment company based out of Mumbai, Maharashtra. Aurum owns 35.04% stake in informational technology consultancy and software company Majesco Limited.[2]
In September 2021, Majesco Limited changed its name to Aurum PropTech Ltd.[2][3]
History[edit]
Ashish Deora, an alumnus of Harvard Business School and the CEO of Aurum Ventures, founded the company in Mumbai in April 1999.[4]
The company invests in both early- and growth-stage companies across sectors, such as telecom, automotive, aviation and renewable energy. Aurum Platz is the real estate arm of Aurum Ventures.[5]
In May 2018, Aurum Ventures entered into a forward purchase agreement with the Singapore-based Ascendas-Singbridge Group and sold 1.4 million square foot (sq ft) office space for ₹930 crore (Singapore USD 170 million).[6][7]
In November 2021, Ascendas completed the acquisition of leased commercial tower spread over 0.62 million square foot for ₹353 crore, equivalent to SGD$64 million, in furtherance to the forward purchase agreement. The deal was among the biggest acquisitions of a standalone commercial tower by a global institutional investor in the past few years.[8][9]
Investments and acquisitions[edit]
In March 2021, Aurum Ventures acquired a 14.78% promoter stake in Majesco India Limited,[10][11] a software development company listed on the Bombay Stock Exchange (BSE: 539289) and National Stock Exchange (Symbol - AURUM),[12] through its subsidiary Aurum Platz which also made an open offer to acquire up to 26 per cent in accordance with takeover regulations.[13][14][15]
In June 2021, Ashish Deora through Aurum became an anchor investor in Integrow. Integrow raised Rs 1000 crore realty fund that will concentrate on funding last-mile projects.[16][17]
In July 2021, the company acquired a Pune based software company K2V2 Technologies for ₹40 crores.[18][19][20]
In Oct 2021, Aurum bought a 49% stake in Integrow Asset Management Pvt. Ltd., a tech-led real estate asset management company, for ₹25 crore, to merge property technology and fintech.[21]
In December 2021, Aurum PropTech, a subsidiary of Aurum Ventures, made an investment of $5 million in rental management platform TheHouseMonk.[22]
In December 2021, Aurum PropTech announced an equity capital raising of up to ₹343.56 crore through a rights issue. The company issued 3 equity shares for every 2 shares. The rights issue was priced at ₹80 per share. Aurum confirmed that they will subscribe to all the unsubscribed rights shares in the issue.[23]
In February 2022, Aurum PropTech announced that it has acquired 53% stake in co-living platform Grexter Housing Solutions for ₹27 crore.[24]
In March 2022, Aurum PropTech acquired 100% stake in Bangalore-based HelloWorld.[25]
References[edit]
- ↑ "Union Budget 2021: Realty sector wants finance minister to accord long-awaited industry status-India News , Firstpost". Firstpost. 31 January 2021.
- ↑ 2.0 2.1 "Aurum PropTech freezes at 20% upper circuit; stock up 70% thus far in Nov". Business Standard India. 2021-11-15. Retrieved 2022-04-17.
- ↑ Nahar, Pawan. "These 6 mid and smallcaps defied gravity to rally up to 110% after Diwali". The Economic Times. Retrieved 2022-04-17.
- ↑ "Ashish Deora Founder & CEO Aurum Ventures". Business Standard India.
- ↑ "Realty deal in Navi Mumbai: Ascendas to pay ₹930 crore for two IT park buildings". Hindustan Times. 2018-05-15. Retrieved 2021-09-07.
- ↑ Sapam, Bidya (2018-05-14). "Ascendas to buy two office buildings in Navi Mumbai for Rs930 crore". mint. Retrieved 2021-09-07.
- ↑ www.ETRealty.com. "Ascendas India Trust to buy two Navi Mumbai IT Park buildings for Rs 930 crore - ET RealEstate". ETRealty.com. Retrieved 2021-09-07.
- ↑ Babar, Kailash. "Ascendas India buys Aurum Ventures' 16-storey Navi Mumbai commercial tower for Rs 353 crore". The Economic Times. Retrieved 2022-04-17.
- ↑ "Singapore-based Ascendas Property Fund Trustee acquires commercial tower in Navi Mumbai for Rs 353 crore". Moneycontrol. Retrieved 2022-04-17.
- ↑ "Aurum Ventures acquires promoters stake in Majesco; makes open offer". @businessline. Archived from the original on 2021-03-22. Retrieved 2021-09-07. Unknown parameter
|url-status=ignored (help) - ↑ "Majesco shares soar 5% to end at Rs 66.6 on Aurum Ventures acquisition". Business Standard India. 2021-03-23. Retrieved 2021-10-12.
- ↑ Babar, Kailash. "Aurum Ventures acquires listed co Majesco's promoter stake; makes open offer". The Economic Times. Retrieved 2021-09-07.
- ↑ "Aurum Ventures to buy 14.78% Majesco shares". The Hindu. Special Correspondent. 2021-03-22. ISSN 0971-751X. Retrieved 2021-09-07.
- ↑ Babar, Kailash. "Aurum Ventures buys 15% in IT consultancy Majesco". The Economic Times. Retrieved 2021-09-07.
- ↑ Mudgill, Amit. "Eight stocks where retail holding surged in Q4 as MFs & FIIs sold". The Economic Times. Retrieved 2021-09-07.
- ↑ Nandy, Madhurima (2021-06-16). "Integrow to raise ₹1,000 cr for realty fund". mint. Retrieved 2022-04-13.
- ↑ Babar, Kailash. "Integrow Asset Management to raise Rs 1,000 crore real estate fund". The Economic Times. Retrieved 2022-04-17.
- ↑ Sonavane, Ravindra N. (2021-07-25). "Majesco buys 51% stake in K2V2 for Rs40 cr". mint. Retrieved 2021-09-07.
- ↑ "Majesco to acquire 51% stake in Pune-based software technology firm, K2V2 for Rs 40 cr". Free Press Journal. Retrieved 2021-09-07.
- ↑ Babar, Kailash. "Aurum Proptech to invest Rs 25 crore for 49% stake in Integrow Asset Management". The Economic Times.
- ↑ Nandy, Madhurima (2021-10-31). "Aurum PropTech to buy 49% stake in Integrow Asset Management". mint. Retrieved 2022-04-13.
- ↑ Patwardhan, Nikhil (2021-12-20). "Aurum Proptech to invest $5 mn in realty rental platform TheHouseMonk". VCCircle. Retrieved 2022-04-13.
- ↑ Babar, Kailash. "Aurum PropTech to raise Rs 343 crore through rights issue". The Economic Times. Retrieved 2022-04-13.
- ↑ Babar, Kailash. "Aurum PropTech to acquire 53% stake in co-living platform Grexter Housing Solutions". The Economic Times. Retrieved 2022-04-13.
- ↑ "Aurum PropTech acquires 100% stake in Bangalore-based HelloWorld; stock climbs ~3%". www.indiainfoline.com. Retrieved 2022-04-13.
External links[edit]
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