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Reliance Retail Ventures Ltd (RRVL) | METRO completes Rs 2,850 crore deal with Reliance Retail to sell its India Cash & Carry business

The deal includes all 31 wholesale stores operated by METRO Cash & Carry India and the entire real estate portfolio (6 store-occupied properties) to RRVL

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Reliance Industries RRVL to acquire METRO Cash & Carry India for Rs 2,850 crore

The transaction, however, is subject to regulatory and other closing conditions and is likely to materialize by March 2023.

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Metro Cash & Carry India prefers Mukesh Ambani s Reliance as its future owner

As Reliance emerges as the sole bidder for the German wholesale giant Metro’s India operations, key stakeholders seem to flock behind it.

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Reliance, CP group, PE firms in race for Metro Cash & Carry India

With the date of submission of non-binding offers nearing, major business groups and investment arms are gearing up to tap Metro's wholesale reach.

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Metro Cash & Carry s dwindling fortunes amid Reliance s onslaught

The company, which had turned profitable in FY2019 after 16 years of India operations, slipped into red post-COVID, data from RoC shows.

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