CCI clears RIL’s buyout of Metro’s local business : The Tribune India

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CCI clears RIL’s buyout of Metro’s local business

Photo for representational purpose only. - File photo

Bengaluru, March 15

The Competition Commission of India (CCI) said on Wednesday it has cleared Reliance Industries Ltd’s (RIL’s) Rs 2,850-crore acquisition of the Indian business of German retailer Metro AG. The deal will help RIL strengthen its wholesale format.

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