Reliance is said to acquire Metro's India unit in a deal estimated at around €500 million (Rs 4060 crore), which includes 31 wholesale distribution centers, land banks and other assets owned by Metro Cash & Carry in the country. This will help the largest retailer in the country, Reliance Retail, to increase its presence in the B2B segment.

A source familiar with the transaction said: “Publish the transaction, it will create regulatory space to convert the majority Indian owned operation into a B2C entity. This will provide a better shopping experience and prices. But it is a call that must be answered. To be taken," he told Times of India.

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To become the most admired and trusted metro company in the world, providing a safe, reliable and sustainable mode of travel to our customers at a competitive cost with international customer service standards, thus creating better value for all stakeholders.

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India's foreign investment rules bar foreign players from entering multi-brand retail businesses, forcing players like Metro to limit themselves to wholesale cash trading and take-out and sell to hotels, offices and grocery stores. TOI said that sales to merchants generate about half of Metro's revenue, with the other third coming from offices.
Adding B2C businesses to wholesale outlets would require a change in the operating model. Metro had previously decided to increase its operations in India by injecting money following the impact on Russian operations following the Covid-induced lockdown and restrictions.

According to the sources, Reliance has completed due diligence for the metro business in India, which generates revenue of around $1 billion annually and is turning a profit. However, some discussions are underway to finalize things related to the legal aspects of the transaction, as well as the staff and condition of the stores, TOI reported.

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