Tag Archives: Director Isha Ambani

Reliance to acquire Metro AG’s India business

Reliance to acquire Metro AG’s India business

Reliance Industries Ltd will acquire German firm Metro AG’s wholesale operations in India for Rs 2,850 crore as the conglomerate run by billionaire Mukesh Ambani seeks to strengthen its dominant position in India’s mammoth retail sector. “Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Ltd, today signed definitive agreements to acquire a 100 per cent equity stake in …

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