Reliance Industries Ltd.

Reliance Industries’ subsidiary -- Reliance Retail Ventures (RRVL) has received an approval from the Competition Commission of India (CCI) for acquisition of German firm Metro AG's wholesale operations in India i.e. Metro Cash & Carry India.

In December last year, RRVL had signed definitive agreements to acquire a 100 per cent equity stake in the company for a total cash consideration of Rs 2,850 crore.

Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.