Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Ltd, has signed an agreement to acquire Metro Cash and Carry India Pvt Ltd, which operates under the ‘Metro India' brand, for a cash consideration of ₹2,850 crores.
Shardul Amarchand Mangaldas and AZB & Partners represented Metro and it’s affiliates in this deal.
SAM Partners Natashaa Shroff and Shiladitya Banerjee advised Metro AG on the deal.
SAM Partners Shweta Shroff Chopra and Gauri Chhabra advised Metro Cash and Carry India on the competition law aspect of the deal.
AZB Founding Partner Zia Mody, Senior Partner Aditya Vikram Bhat and Partner Bhuvana Veeraragavana acted as Co-Counsel for Metro AG
Cyril Amarchand Mangaldas represented Reliance in this deal.
The team was led by Partners Shishir Vayttaden and K Aishwarya.
Metro Cash & Carry, the wholesale division of Metro, entered India in 2003 and currently operates 31 wholesale distribution centres across the country, serving business customers only, according to its website.
Reliance is India's biggest brick-and-mortar retailer with over 16,600 stores, and a strong wholesale unit would further deepen its operations in India.
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