Reliance Retail: Reliance is going to start expansion of the business which will continue to run under the Metro brand name for a couple of years under the deal. It has opened a new store in Patiala, will convert a few of its existing dark stores for new and e-commerce into such outlets, and organically build some newer ones with plans to open 40 such new stores in the next few months, the executives said.
Reliance is going to start expansion of the business which will continue to run under the Metro brand name for a couple of years under the deal. It has opened a new store in Patiala, will convert a few of its existing dark stores for new and e-commerce into such outlets, and organically build some newer ones with plans to open 40 such new stores in the next few months, the executives said.
Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Ltd, today said it has signed definitive agreements to acquire 100% equity stake in Metro Cash & Carry India Pvt Ltd. for a total cash consideration of Rs 2,850 crore, subject to closing adjustments.