Previously pulled out of Indian market due to truncated investments, Metro Cash and Carry India has accepted bidding from Reliance Retails of 5,600 Cr, as well as Thailand’s Charoen Pokphand (CP) Group of 8,000 Cr, intending to sell its operations and assets. Critiques speculate India’s only interested investor to win the rights, due to foreign companies allegedly violating foreign direct investment (FDI) norms. Final bids will be submitted in a month.
Read More at Economic Times