C;early HDFC is a market leader and beneath the brand new CEO, they’ve been digitising lots and gaining market share on the digital front. They have the house grown advantage of getting such a huge in home mega bank as a distributor. This acquisition adds some more cache to them however I think this kind of a huge mom brand actually does not want these 1% accretive acquisitions. They couldn’t afford the new RERA guidelines and the type of strict escrowing that the federal government introduced in.
