New Delhi: Reliance takeover of Metro’s cash and carry business – which is expected to be finalised in time for the group’s late founder Dhirubhai Ambani’s birthday later this month – will give the oil-to-telecom conglomerate the option to convert the 31 stores of the German company’s India arm into multi-brand retail chains and take on the likes of D-Mart.<\/p>\n
“Following the transaction, majority Indian ownership will create the regulatory space to even convert the operations into a B2C entity. It will provide a better shopping and pricing experience. But it’s a call that has to be taken,” said a source familiar with the transaction.<\/p>\n
Under existing foreign investment rules, overseas players are not allowed to enter the multi-brand retail business, forcing players such as Metro to confine themselves to cash-and-carry wholesale and sell to hotels, offices and kirana stores. In fact sales to traders generates around half the revenue for Metro, with another one-third coming from offices.<\/p>\n","protected":false},"excerpt":{"rendered":"
New Delhi: Reliance takeover of Metro’s cash and carry business – which is expected to be finalised in time for the group’s late founder Dhirubhai Ambani’s birthday later this month – will give the oil-to-telecom conglomerate the option to convert the 31 stores of the German company’s India arm into multi-brand retail chains and take on the likes of D-Mart. “Following the transaction, majority Indian ownership will create the regulatory space to even convert the operations into a B2C entity. It will provide a better shopping and pricing experience. But it’s a call that has to be taken,” said a […]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,260,137],"tags":[],"class_list":["post-540344","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-railways-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/540344","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=540344"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/540344\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=540344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=540344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=540344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}