If the deal goes through, it will be the largest cross-border acquisition by Mukesh Ambani-owned Reliance. The consortium was in talks with global financial biggies to fund the deal, according to the report
Reliance Industries has decided to foray into the UK’s retail sector by acquiring Boots—a popular pharmacy brand in the country
In the last two years, India’s richest man has acquired or shown interest in a series of companies in the UK, the latest being a bid for pharma chain Boots....
Reliance and Apollo Global would own equity stakes in Boots under the plan, but it is not clear whether their stakes would be the same size.