Quikr buys two HDFC subsidiaries for ₹357 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 ₹357 crore, according to filings. The deal will value Quikr over ₹10,000 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.

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