Aurum PropTech incorporates two wholly owned subsidiaries; Stock trades flat

14 Jan 2022 , 10:46 AM

Aurum PropTech Limited has incorporated wholly owned subsidiaries (WOS), company said in a filing on Thursday. 

Aurum Softwares and Solutions Private Limited (ASSPL) was incorporated on December 1, 2021, to subscribe 20 lakh equity shares of Rs10 each aggregating to Rs20cr. Aurum RealTech Services Private Limited (ARSPL) was incorporated on December 6, 2021, to subscribe 20 lakh equity shares of Rs10 each aggregating to Rs20cr.

“The WOS is yet to commence its business operations and have received certificates of incorporation dated January 7, 2022.

It is contemplated that ASSPL shall carry on the business of consultancy and development of computer software and other information technology enabled services.

It is contemplated that ARSPL shall carry on the business of providing workspace solutions, incubation, business planning services and so on through usage of information technology,” company said.

At around 10.50 am, Aurum PropTech Limited was trading at Rs157.45 per piece up Rs0.25  or 0.16% on the BSE.