New Student Offer - Use Code HELLO

Register Now

Reliance buyout of Metro Cash and Carry India

Published on March 15, 2023
Current Context: The Competition Commission of India approved Reliance Retail Ventures (RRVL’s) merger of METRO Cash and Carry India. It was done for a worth of Rs.2850crore. RRVL is a subsidiary of Reliance Industries. METRO Cash and Carry India is involved in Wholesale services.
Reliance buyout of Metro Cash and Carry India
  • In December 2022, RRVL signed an agreement to acquire 100% shares of German firm Metro AG’s wholesale operation in India. By this merger RRVL will get METRO India’s business access to major cities and store located there for supplier network.
  • This merger deal will strengthen the RRVL’s business reach among consumers and small merchants by elevating the supply chain network and technology platforms. The stakeholders will be greatly benefited.
  • METRO India began its operations in India in 2003. It was the 1st company to introduce the cash and carry business. It currently operates in 21 cities.
  • METRO India reaches up to 3 million B2B customers through its store network, out of which 1 million are Indian users. In 2021-2022METRO India’s sales reached RS.7700crores.
  • RRVL director is Isha Ambani and the CEO of METRO India is Steffen Greubel.

Question: 

Q.1 Reliance Retail Ventures (RRVL’s) merges with METRO Cash and Carry India. It was done for a worth of?
a. Rs.2000 cr
b. Rs.2850 cr
c. Rs.3500 cr
d. Rs.4000 cr
ebook store

About us

ramandeep singh

Ramandeep Singh, your guide to banking and insurance exams. With 14 years of experience and 5000+ selections, Ramandeep understands the path to success, having transitioned himself from Dena Bank and SBI. He's passionate about helping you achieve your banking and insurance dreams.

  • Follow me:
Close Menu
Close Menu