Quikr Acquires HDFC’s Digital, Realty Units in all Stock Deal

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 (Real Estate Destination) to online classifieds player Quikr.

The all-stock deal will see HDFC pick up around 3.5% stake in Quikr for the two businesses, which have collectively been valued at about Rs 357 crore.

Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-
  • Quikr CEO- Pranay Chulet.
  • HDFC CEO- Aditya Puri.

Source- The Economic Times