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

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