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Reliance Retail bids Rs 5,600 cr for Metro Cash & Carry: Report

Reliance Retail has submitted a bid of Rs 5,600 crore to acquire German retailer Metro AG's India subsidiary, Metro Cash & Carry, which is looking to exit the Indian market. Competing with Reliance is Thailand-based Charoen Pokphand Group, which has placed a bid of Rs 8,000 cr, The Economic Times reported. ....

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