{"id":131192,"date":"2023-03-16T12:51:23","date_gmt":"2023-03-16T07:21:23","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=131192"},"modified":"2023-03-16T12:51:24","modified_gmt":"2023-03-16T07:21:24","slug":"cci-approves-reliances-acquisition-of-metro-cash-carry-india","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/cci-approves-reliances-acquisition-of-metro-cash-carry-india\/","title":{"rendered":"CCI approves Reliance\u2019s acquisition of METRO Cash &amp; Carry India"},"content":{"rendered":"\n<p><strong>CCI approves Reliance\u2019s acquisition of METRO Cash &amp; Carry India: <\/strong>The Competition Commission of India (CCI) has approved Reliance Retail Venture\u2019s (RRVL) acquisition of the food wholesaler METRO Cash &amp; Carry India. RRVL is a subsidiary of the Mukesh Ambani-led Reliance Industries (RIL). The competition body confirmed the development in a tweet. In December 2022, RIL said that RRVL signed agreements to fully acquire METRO Cash and Carry India for a total cash consideration of Rs 2,850 crore.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-march-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\">March 2023 Current Affairs Quiz<\/a><\/strong><\/p>\n\n\n\n<p>The CCI tweeted, \u201cC-2023\/02\/1000 Commission approves acquisition of METRO Cash and Carry India Private Limited by Reliance Retail Ventures Limited.\u201d<\/p>\n\n\n\n<p><br>On 22 December 2022, Reliance Retail Ventures Ltd (RRVL) signed definitive agreements to&nbsp;acquire a 100% equity stake in Metro Cash &amp; Carry India Pvt Ltd. Metro&nbsp;started operations in India in 2003&nbsp;as the first company to introduce a cash-and-carry business format in the country.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CCI approves Reliance\u2019s acquisition of METRO Cash &amp; Carry India: The Competition Commission of India (CCI) has approved Reliance Retail Venture\u2019s (RRVL) acquisition of the food wholesaler METRO Cash &amp; Carry India. RRVL is a subsidiary of the Mukesh Ambani-led Reliance Industries (RIL). The competition body confirmed the development in a tweet. In December 2022, [&hellip;]<\/p>\n","protected":false},"author":894,"featured_media":131193,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5004],"tags":[4916],"offerexpiration":[],"class_list":["post-131192","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-march-2023","tag-national-current-affairs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/131192","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/894"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=131192"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/131192\/revisions"}],"predecessor-version":[{"id":131194,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/131192\/revisions\/131194"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/131193"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=131192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=131192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=131192"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/offerexpiration?post=131192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}