Quikr buys two HDFC subsidiaries for â¹357 crore
HDFC has approved the sale of its realty brokerage business HDFC Realty and digital real estate business HDFC Developers to online classifieds platform Quikr for around â¹357 crore, according to filings. The deal will value Quikr over â¹10,000 crore, according to reports. HDFC will receive about 3.4-3.5% of the Quikr stock in return, HDFC Managing Director Renu Sud Karnad said.