Reliance Retail acquires METRO India for ₹2,850 crore
pre-market1 source ↓written by the desknot a recommendation
- of METRO Cash
- 100% acquisition
- Carry India
- ₹2,850 crore
- METRO India operates
- 31 stores
- 21 cities
Reliance Retail Ventures has completed a 100% acquisition of METRO Cash & Carry India for ₹2,850 crore. This move enhances Reliance's footprint in the B2B wholesale sector, expanding its network of stores and supply-chain capabilities across India. METRO India operates 31 stores in 21 cities, bolstering Reliance's merchant relationships and supplier network.
Not investment advice. For informational purposes only.