NEW DELHI : Reliance Retail Ventures Ltd, a unit of India’s most valuable firm, on Thursday acquired the India business of German retailer Metro AG, including 31 wholesale stores, for ?2,850 crore in cash. With the acquisition, Reliance Retail strengthened its grip on India’s food and grocery industry, with the Metro wholesale stores in prime locations giving India’s largest offline retailer a large base of registered kirana stores, institutional customers and a robust supplier network. The deal is positive for Reliance Retail and will give it access to more than 3 million business customers, said Abneesh Roy, executive director of...