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 in all-stock transactions worth a total of Rs 357 crore ($56 million)..IndusLaw advised Quikr and the team was led by Partner Gaurav Dani along with Principal Associate Anubha Sital, Senior Associate Nitin Gera and Associates Shaima Khan and Aayush Sood. .Wadia Ghandy & Co acted for HDFC and the team was led by Partner Xerxes Antia along with Associates Shruti Manglik and Surbhi Mathur. .The all-stock deal will see HDFC pick up around 3.5% stake in Quikr for the two businesses, reported ET.
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 in all-stock transactions worth a total of Rs 357 crore ($56 million)..IndusLaw advised Quikr and the team was led by Partner Gaurav Dani along with Principal Associate Anubha Sital, Senior Associate Nitin Gera and Associates Shaima Khan and Aayush Sood. .Wadia Ghandy & Co acted for HDFC and the team was led by Partner Xerxes Antia along with Associates Shruti Manglik and Surbhi Mathur. .The all-stock deal will see HDFC pick up around 3.5% stake in Quikr for the two businesses, reported ET.