Shriram Properties Inducts Mr Ashish Deora as Director

The Board of Directors of Shriram Properties Limited ("SPL"), have approved the appointment of Mr Ashish Deora, Founder and CEO of Aurum PropTech Limited (NSE: AURUM), focused on creating technology driven revolution In real estate sector in India.

Mr Ashish Deora is a first-generation entrepreneur with an innovative disruption mindset. Over the last two decades, he has built several businesses and created value in multiple industries ranging from mining to telecom, aviation and renewable energy. He is the founder of Aurum Ventures, the parent company of Aurum PropTech (NSE:AURUM), which is striving to build largest integrated proptech ecosystem in India and Aurum RealEstate, which is a engaged in real estate development in the the MMR region.

A proud alumnus of Harvard Business School, Ashish has proven track record of strategic investments in businesses across APAC, Africa and South America and successful exits to global capital allocators. Aurum has recently acquired 14.37% of equity capital in Shriram Properties Limited.

Commenting on the development, Mr M Murali, CMD, Shriram Properties said, "I am happy to welcome Ashish on the Board of the Company. Given his significant ongoing efforts in building PropTech ecosystem and technology driven revolution in the Indian real estate sector, we are fortunate to have him on our Board as it would immensely benefit the Company in leveraging his PropTech vision to further improve our efficiencies and accelerate our ongoing high-growth journey over the next few years."

Shares of Shriram Properties Limited was last trading in BSE at Rs. 68.38 as compared to the previous close of Rs. 70.23. The total number of shares traded during the day was 359116 in over 3494 trades.

The stock hit an intraday high of Rs. 71.75 and intraday low of 68.10. The net turnover during the day was Rs. 24929197.00.

Source : Equity Bulls

Keywords

ShriramProperties Residential Commercial RealEstate INE217L01019 Appointment Director