<p>Reliance Retail has submitted a non-binding bid of&nbsp; Rs 5,600 crore to acquire Metro Cash and Carry’s India operations and assets.&nbsp;Metro Cash and Carry India clocked sales of Rs 6,738.3 crore in FY21, a growth of 4 per cent over the previous year but&nbsp;decided to exit due to the need for higher investment to compete with deep-pocketed rivals such as Reliance and Amazon.<br></p>

Check the reason why Reliance Retail makes an investment of Rs 5,600-crore.  Click the link below to check complete details.