Quikr India To Buy HDFC Developers, HDFC Realty From HDFC For $55 Mn

Online classifieds platform Quikr India has bought two subsidiaries of mortgage lender Housing Development Finance Corp. Ltd (HDFC) focusing on real estate brokerage and online property, namely HDFC Realty Ltd and HDFC Developers Ltd for a total of $54.8 Mn. In a regulatory filing, HDFC stated that this is an all-stock deal, with HDFC taking a minority stake in Quikr India. HDFC Realty is offline brokerage business with a presence across residential and commercial properties as well as consulting and valuation services.

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