Business Standard

Reliance Retail to acquire Metro Cash & Carry India for Rs 2,850 crore

The acquisition is expected to strengthen Reliance Retail's physical store footprint across the country

Metro
Premium

METRO Cash & Carry began operations in India in 2003 and was the first company to introduce the cash-and-carry business format in the country

Sharleen D'Souza Mumbai
Reliance Retail has signed an agreement to acquire 100 per cent stake in METRO Cash & Carry India for a total consideration of Rs 2,850 crore, which is subject to closing adjustments. 

Through this acquisition, the company will gets access to a wide network of METRO India stores in locations across key cities, a large base of registered kirana stores and other institutional customers and supplier networks, Reliance Retail said in a press release.

The transaction is subject to certain regulatory and other customary closing conditions and is expected to be completed by March 2023.

“The acquisition will further strengthen

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in