Shardul Amarchand Mangaldas advises REA Group on divestment of 100% stake in PropTiger by way of a Share Swap

August 5, 2025

Shardul Amarchand Mangaldas & Co. acted as legal counsel to the REA Group in relation to its strategic divestment of 100% stake held in PropTiger Marketing Services Private Limited (PropTiger) to Aurum PropTech Limited (APTL), an Indian listed entity. The transaction, valued at approximately USD 9.99 million, is proposed to be undertaken for non-cash consideration (i.e., by way of a share swap), culminating in REA Group acquiring a minority (5.5%) stake in APTL. The deal documents were executed on 23 July 2025.

The transaction team was led by Aayush Kapoor, Partner and Manita Doshi, Partner, with support from Paavani Gupta, Senior Associate; Vaibhavi Shaunak, Senior Associate; and Kanika Mittal, Senior Associate. The transaction team also received tax advisory support from Gouri Puri, Partner.

The corporate due diligence team also included Subhashini Narayanan, Senior Associate; Rishika Sharma, Associate and Divya Khanwani, Associate. Kriti Kaushik, Partner led the employment law aspects of the diligence with support from Sanskriti Nigam, Associate; and Apoorva Murali, Partner led the intellectual property law aspects of the diligence, with support from Anshika Chadha, Associate, and Aishwarya Chaturvedi, Associate.

REA Group was also advised by Deloitte on various tax aspects.

APTL was advised on the transaction by Lex Consult.