Aurum PropTech has achieved successful closure of rights issue of Rs 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 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.
Aurum Proptech provides information technology services. The Company offers proprietary software solutions, IT consulting, application development, systems integration, application management outsourcing, testing, data warehousing, and business intelligence services.