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    Reliance Retail: Takeover of Metro India operations to aid new commerce business

    Metro’s 3-million customer base and a wide product range will enable Reliance Retail to rapidly scale up the retail business and strengthen its position in the industry

    Bharat Gianani
    December 23, 2022 / 12:38 PM IST
    Reliance Retail: Takeover of Metro India operations to aid new commerce business

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    Highlights RRL announces acquisition of 100 percent stake in Metro Cash and Carry India Metro India has a strong and a fairly loyal customer base Acquisition to enable RRL to rapidly scale up new commerce (wholesale business) Deal at attractive valuations Reliance Retail Limited (RRL), a subsidiary of Reliance Industries (CMP: Rs 2,582; market cap: Rs 17,46,873 crore), has announced the acquisition of a 100 percent stake in Metro Cash and Carry India (Metro India). Metro India is part of Metro Cash and Carry...

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