Mumbai: Reliance Industries (RIL) is set to acquire German wholesaler Metro’s India unit for 500-550 million euros (about Rs 4,061-4,467 crore) as chairman Mukesh Ambani looks to consolidate his retail play. The proposed deal will mark Metro’s exit from one of the world’s fastest-growing markets, which it had entered 19 years ago with big hopes.
This story is from the November 07, 2022 edition of The Times of India Hyderabad.
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This story is from the November 07, 2022 edition of The Times of India Hyderabad.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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