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Reliance Retail Ventures, a subsidiary of Reliance Industries and the holding company of the group’s retail businesses, signed definitive agreements to acquire German wholesaler Metro AG’s India business — Metro Cash & Carry India—for a total cash consideration of ₹2,850 crore.
Rural demand for packaged fast-moving consumer goods (FMCG) has begun showing signs of revival after nearly two years of slowdown, companies said.
Advent International has emerged as the frontrunner to buy Hyderabad-based Suven Pharmaceuticals, a listed contract research and manufacturing services (CRAMS) company, edging past Blackstone in a keenly contested race, said people aware of the matter.
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