Aurum PropTech's stock is trading at Rs. 227.00, marking a rise of 2.00 points or 0.89% from its previous close of Rs. 225.00 on the BSE.

The stock opened at Rs. 229.00 and has fluctuated between a high of Rs. 229.00 and a low of Rs. 221.50 during the session, with 676 shares changing hands so far.

Aurum PropTech, part of BSE group 'B' with a face value of Rs. 5, reached its 52-week high of Rs. 250.00 on August 20, 2024, and a low of Rs. 117.15 on October 26, 2023. Over the past week, the stock hit a high of Rs. 234.00 and a low of Rs. 216.75. The company’s market capitalization stands at Rs. 1602.10 crore.

The company’s promoters hold a 49.96% stake, while non-institutional investors hold the remaining 50.04%.

Aurum PropTech has received board approval for a strategic move involving its subsidiary, K2V2 Technologies, to enhance its core tech focus. The board has sanctioned the purchase of additional equity shares, increasing Aurum’s stake in K2V2 from 44% to 83.6%. Additionally, agreements were signed to sell K2V2's business units, 'Beyond Walls' and 'Kylas.'

K2V2, a prominent PropTech firm, serves over 650 developers with its flagship enterprise solution, Sell.do, which combines AI and CRM to streamline operations in marketing, sales, and customer service. K2V2 generated a turnover of Rs. 53 crore in 2024.

This restructuring aligns with Aurum PropTech's strategy to strengthen its distribution vertical, improve profitability, and enhance working capital management. The deal is expected to close by September 30, 2024, subject to certain conditions. The transaction is a related party deal but conducted at arm's length, with no involvement of the company’s promoters or group companies.

Aurum PropTech, headquartered in Navi Mumbai, was established in 2015 and originally known as Majesco before shifting to the tech space.