Business India

Reliance or Bharti Enterprises likely to takeover Carrefour India stores

Article by Hiral Vilas

As Carrefour India, a cash and carry stores, has announced its closure of five stores in India, its a news that Reliance Retail and Bharti Enterprise, Mobile service provider in race of negotiating to take over Carrefour along with its existing infrastructure.

However, Reliance and Bharti spokespersons declined to comment.

Even, Carrefour India regional director kept silent on selling its India assets.Closure of Carrefour’s business in India will be effective at the end of September 2014.