Reliance Retail Announces Its Biggest Acquisition – Metro Cash & Carry

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Reliance Industries will be acquiring a 100% stake in Metro AG’s India unit – Metro Cash & Carry for an equity value of Rs 2,850 crore as against earlier media reports of Rs 4,060 crore. Metro’s Indian unit achieved its highest-ever sales in FY22 of Rs 7,700 crore.
The enterprise value of the deal is expected to be around Rs 4,620 crore, which means that the EV to FY22 sales of 0.6 times. With this acquisition, RIL gets 31 wholesale stores in 21 cities in India. Of these 31 stores, 15 stores are located in South India.
Watch the video to know more.
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