Reliance Retail Ventures Limited agreed to acquire METRO Cash and Carry India Private Limited from Metro AG (XTRA:B4B) for INR 28.5 billion on December 22, 2022. As of financial year, ended September 2022, Metro India generated sales of INR 77 billion. The transaction is subject to certain regulatory and other customary closing conditions. The deal is expected to complete by March 2023. Goldman Sachs Europe Se acted as financial advisor to Metro AG. J.P. Morgan Securities acted as financial advisor to METRO Cash and Carry India Private Limited. Zia Mody, Aditya Vikram Bhat and Bhuvana Veeraragavan of AZB & Partners acted as legal advisors to METRO Cash and Carry India Private Limited. Sullivan & Cromwell LLP represents J.P. Morgan as financial adviser to METRO AG. As of February 22, 2023. Reliance Retail is expected to retain the staff of METRO after the acquisition. As of March 14, 2023, Competition Commission of India approved the acquisition.

Shishir Vayttaden, K Aishwarya, Surbhi Ajitsaria, Viswanathan, Arun Prabhu, Anirban Mohapatra, Arpita Sengupta, Gyanendra Kumar, Shreya Som, Soumya Dasgupta, Avaantika Kakkar, Abhishek Sharma, Kirthi Srinivas, Ashish Jain, Abhilash Pillai, Karan Sharma,Urjita Chitnis, Ritha Ulbyre, Richa Mohanty and Mansi Mantoo of Cyril Amarchand Mangaldas acted as legal advisor to Reliance Retail Ventures Limited.

Reliance Retail Ventures Limited completed the acquisition of METRO Cash and Carry India Private Limited from Metro AG (XTRA:B4B) on May 11, 2023.