Moneycontrol PRO

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

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

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

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...

  • PRO Panorama

    Moneycontrol Pro Panorama | Banking fragility and the heavy hand of the State

    Mar 24, 2023 / 02:00 PM IST

    In today’s edition of Moneycontrol Pro Panorama: Fed's pause a clue to investors, layoffs a sign of structural slowdown in busin...

    Read Now
  • PRO Weekender

    Moneycontrol Pro Weekender: Between the Fed and a hard place

    Mar 11, 2023 / 11:38 AM IST

    The Fed is caught between combating inflation and worries over a financial mishap

    Read Now

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers