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Aurum acquires Tiger Global-backed home rental firm NestAway for about Rs 90 cr Proptech company Aurum on Friday said it has acquired Tiger Global-backed home rental firm NestAway Technologies for up to $10.9 million (about Rs 90 crore), a massive markdown from NestAway's valuation at $227 million in a funding round in 2019. Aurum Proptech said in a regulatory filing that its executive investment committee has approved the acquisition of up to 100 per cent share capital of NestAway. Aurum will also infuse Rs 30 crore to stabilise the home rental business. &q...
Aurum acquires Tiger Global-backed home rental firm NestAway for about Rs 90 cr
Aurum acquires Tiger Global-backed home rental firm NestAway for about Rs 90 cr
Source: IANS
3/06/2023 9:31:15 AM
Aurum acquires Tiger Global-backed home rental firm NestAway for about Rs 90 cr Proptech company Aurum on Friday said it has acquired Tiger Global-backed home rental firm NestAway Technologies for up to $10.9 million (about Rs 90 crore), a massive markdown from NestAway's valuation at $227 million in a funding round in 2019. Aurum Proptech said in a regulatory filing that its executive investment committee has approved the acquisition of up to 100 per cent share capital of NestAway. Aurum will also infuse Rs 30 crore to stabilise the home rental business. &q...
Aurum acquires Tiger Global-backed home rental firm NestAway for about Rs 90 cr
Aurum acquires Tiger Global-backed home rental firm NestAway for about Rs 90 cr
Source: IANS
2/06/2023 4:17:49 PM
Aurum PropTech soars on approving acquisition of 100% stake in NestAway Aurum Proptech is currently trading at Rs. 126.25, up by 8.45 points or 7.17% from its previous closing of Rs. 117.80 on the BSE. The scrip opened at Rs. 115.15 and has touched a high and low of Rs. 128.00 and Rs. 115.15 respectively. So far 29913 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 152.40 on 05-Sep-2022 and a 52 week low of Rs. 75.05 on 04-Jul-2022. Last one week high and low of the scrip stood at R...
Aurum PropTech soars on approving acquisition of 100% stake in NestAway
Aurum PropTech soars on approving acquisition of 100% stake in NestAway
Source: Accord Fintech
2/06/2023 10:27:34 AM
Perspective RBI MPC Announcement By Mr.Amarendra Sahu, NestAway Technologies Below Perspective On RBI MPC Announcement By Mr.Amarendra Sahu Founder & CEO, NestAway Technologies "The RBI hiking rates will make home loans dearer, thereby push prospective homebuyers to opt for rental. The repo rate now is near 4.5 year high and likely to stay higher for an extended period of time. Mortgage rates are now again at or even higher than they were prior to COVID. This will probably give the rental market more traction. Renting will become significantly more afforda...
Perspective RBI MPC Announcement By Mr.Amarendra Sahu, NestAway Technologies
Perspective RBI MPC Announcement By Mr.Amarendra Sahu, NestAway Technologies
Source: PR Agency
7/12/2022 11:33:58 AM
RBI MPC Annoucement : The rise in economic activities will likely keep rates elevated for longer than expected Says Mr. Amarendra Sahu, NestAway Technologies Perspective on RBI MPC Annoucement By Mr. Amarendra Sahu, Founder and CEO, NestAway Technologies "As expected the RBI has hiked key rates by 50 bps in an effort to control inflation and provide support to the currency. With this hike, the rates have gone up by 190 bps cumulatively this calendar year alone. The hike in rates will push up the rates for homebuyers, further affecting housing affordability. The trend of the workforce returning back to the workplace and the ris...
RBI MPC Annoucement : The rise in economic activities will likely keep rates elevated for longer than expected Says Mr. Amarendra Sahu, NestAway Technologies
RBI MPC Annoucement : The rise in economic activities will likely keep rates elevated for longer than expected Says Mr. Amarendra Sahu, NestAway Technologies
Source: PR Agency
30/09/2022 11:42:30 AM
Average monthly rent of luxury homes up by 8-18% Says Mr. Amarendra Sahu, NestAway Technologies Perspective on Average monthly rent of luxury homes up by 8-18% By Mr. Amarendra Sahu, Co-Founder, NestAway Technologies "The rental in key cities across the country is rising to surpass the pre-pandemic levels. This is very much on expected lines. The rental for key CBDs and luxury properties corrected the most due to the pandemic and the extended work from home post that. The unlock with businesses advising their workforce to report to the office for work has meant a retur...
Average monthly rent of luxury homes up by 8-18% Says Mr. Amarendra Sahu, NestAway Technologies
Average monthly rent of luxury homes up by 8-18% Says Mr. Amarendra Sahu, NestAway Technologies
Source: PR Agency
21/09/2022 5:28:58 PM