November 22, 2024 21:19 (IST)
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Competition Commission of India approves Reliance's acquisition of B2B retailer METRO Cash & Carry's India biz

Competition Commission of India approves Reliance's acquisition of B2B retailer METRO Cash & Carry's India biz

Mumbai/Delhi: The Competition Commission of India has given its nod to Reliance Retail Ventures’ (RRVL’s) acquisition of METRO Cash & Carry India for a cash consideration of Rs 2,850 crore, according to an official statement.

Reliance Industries to acquire B2B retailer METRO Cash & Carry India: Report

Reliance Industries to acquire B2B retailer METRO Cash & Carry India: Report

Reliance Industries is set to buy German B2B retailer METRO AG's Cash & Carry business in India for an estimated 500 million euros or Rs 4,060 crore, according to a report in the media.