2023
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
At what amount did METRO sell India Cash & Carry to Reliance Retail?
|
|
2,673 Crore
|
|
|
2,870 Crore
|
|
|
2,539 Crore
|
|
|
2,850 Crore
|
Explanation:
Detailed explanation-1: -METRO AG on Thursday announced that it has completed the sale of its Indian cash & Carry business to Reliance Retail Ventures Ltd (RRVL), the retail arm of Reliance Industries Ltd.
Detailed explanation-2: -Metro Revenue: Reliance Retail’s revenue from operations for the financial year ended March 31, 2023, was ₹2.30 lakh crore. The holding company for Reliance Industries’ retail operations, RRVL, is looking to expand its distribution network across regions and broaden its product offerings in the Consumer Brands sector.
Detailed explanation-3: -The operating revenue of METRO CASH AND CARRY INDIA PRIVATE LIMITED is in the range of Over INR 500 cr for the financial year ending on 31 March, 2022.
There is 1 question to complete.