Reliance Retail has agreed to acquire Metro Cash and Carry’s Indian operations for ₹2,850 crore, the company announced in a regulatory filing on Thursday. The deal covers all 31 Metro wholesale stores across 21 cities and the company’s proprietary B2B digital ordering platform.
Metro Cash and Carry India serves approximately 3.2 million registered business customers, including kirana retailers, hotels, restaurants, and caterers — a segment that Reliance has been targeting through its JioMart B2B platform.
Strategic Rationale
The acquisition gives Reliance immediate physical infrastructure in cities where it has limited wholesale presence, particularly in smaller metros and Tier-1 cities. Metro’s cold storage network across 28 of its stores is considered particularly valuable.