CCI nod to Reliance's ₹2,850-cr acquisition of Metro Cash & Carry

The Competition Commission of India (CCI) on Tuesday said it has approved Reliance Industries Limited's acquisition of German firm Metro's wholesale operations in India for ₹2,850 crore. RIL's subsidiary Reliance Retail Ventures Limited (RRVL) signed definitive agreements to acquire a 100% equity stake in Metro Cash & Carry India. Metro has been active in the Indian market since 2003.