Thursday, December 19, 2024 | 10:26 PM ISTEN Hindi

Home / Companies / News / RIL's initial bid for Metro Cash & Carry India at Rs 5,600 crore: Report

RIL's initial bid for Metro Cash & Carry India at Rs 5,600 crore: Report

Thailand's CP Group has placed a bid of about Rs 8,000 crore, or $1 billion, to acquire Metro Cash & Carry India

Premium

Mukesh Ambani-owned Reliance Retail has submitted a non-binding bid of about Rs 5,600 crore to acquire Germany's Metro Cash and Carry's operations in India. (Photo: Bloomberg)

BS Web Team New Delhi

3 min read Last Updated : Aug 29 2022 | 11:48 AM IST

Mukesh Ambani-owned Reliance Retail has submitted a non-binding bid of about Rs 5,600 crore to acquire Metro Cash and Carry's operations in India, reported The Economic Times on Monday, quoting industry executives aware of the development.

To acquire Metro Cash and Carry's India operations, which is up for sale, Reliance Retail is

Topics : METRO Cash & Carry Reliance Retail Thailand Reliance Industries RIL AGM RIL Metro

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in