India’s largest mortgage lender HDFC has sold its realty brokerage business HDFC Realty and its digital real estate business HDFC Developers which owns HDFC Red to online classifieds player Quikr. The all-stock deal will see HDFC pick up around 3.5% stake in Quikr for the two businesses, according to sources, which have collectively been valued at about Rs 357 crore.
— The Economic Times
IndusLaw advised
2017-12-21
This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.
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