Mukesh Ambani’s Reliance to acquire German firm Metro AG’s India business for Rs 2,850 cr
New Delhi: Reliance Industries Ltd will acquire German firm Metro AG’s wholesale operations in India for ₹ 2,850 crore as the conglomerate run by billionaire Mukesh Ambani seeks to strengthen its dominant position in India’s mammoth retail sector. “Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Ltd, today signed definitive agreements to acquire … Read more