Mukesh ambani's Reliance Industries acquired Metro India Limited for Rs 2850 crore.

Reliance Acquires Metro India:

Mukesh Ambani's Reliance Industry is continuously increasing its dominance in the Indian retail market.

Reliance has now taken another step and acquired another big company in the Indian retail market.

Let us tell you that now Reliance is going to acquire Germany's company Metro Cash and Carry India Limited.

Reliance Industries will acquire Metro India through its child company Reliance Retail Ventures Limited.

Reliance Industries has fixed this deal for Rs 2850 crore to buy a 100 percent stake in Metro Cash and Carry India.

The German firm Metro Cash & Carry India Pvt Ltd has been operating in the wholesale market in India since the year 2003.

Metro India is the company's retail market in 21 cities of the country. There are about 3500 employees.

The company's holding is up to 30 lakh customers. Out of this, there are 10 lakh people who are regular customers of Metro.

Metro India has a huge store network. Metro India sold 7700 crores in the financial year 2021-22.

Let us tell you that the company is already in the retail market with Reliance Jio Mart, Reliance Trend, and Smart Bazaar.

Experts believe that after the acquisition of Metro India, the retail market of Reliance Industries will get a big boost.