Friday, 24 March, 2023

Reliance, PremjiInvest, CP Group, Swiggy in race to acquire Metro India Unit

<p>To acquire the Indian Cash-and-carry business of German retailer Metro AG, Reliance Retail, Thailand&#39;s largest conglomerate Charoen Pokphand Group, and food and grocery delivery service Swiggy are in competition with PremjiInvest, the investment fund run by Azim Premji&#39;s family office. According to the aforementioned individuals, the Tata Group and private equity company Bain Capital are now assessing the $1B-1.5B buyout prospect.</p>