The Competition Commission of India (CCI) approves acquisition of METRO Cash and Carry India Private Limited by Reliance Retail Ventures Limited

The proposed combination involves acquisition of 100% of the issued and paid-up equity share capital of METRO Cash and Carry India Private Limited (Target) by the Reliance Retail Ventures Limited (Acquirer).

The Acquirer is a subsidiary of Reliance Industries Limited. The Acquirer, through its subsidiaries and affiliates, is engaged in the wholesale and retail sale of products across categories such as food and groceries, d0urable goods and apparel and footwear in India.

The Target is engaged in the business of cash and carry wholesale trading in India.

Detailed order of the CCI will follow.

Merger approval: Competition regulator clears Reliance Retail's acquisition of Metro Cash and Carry India, subject to detailed order. CCI approved Reliance Retail Ventures Limited's acquisition of 100% of the issued and paid-up equity share capital of METRO Cash and Carry India Private Limited. The Acquirer, a subsidiary of Reliance Industries Limited, operates wholesale and retail businesses across multiple product categories, while the Target conducts cash and carry wholesale trading in India. The CCI's detailed order will follow.