Reliance, Swiggy, and PremjiInvest join bid to buy Metro India
Image Credit: economic times
The race to purchase the Indian operations of German retailer Metro AG has become competitive, with several parties joining in. Reliance Retail, Thai conglomerate Charoen Pokphand (CP) Group, Swiggy, and PremjiInvest are some of the interested players. To recall, Metro had announced last month that it wants to wind up its Indian business and is in touch with 10 interested parties for its buyout.