According to a report by Bloomberg, the value of Boots for any sale can be fixed at 7 billion pounds i.e. $ 9.1 billion. According to information received quoting sources, mukesh Ambani's reliance Industries international Medical Store is exploring the possibility of bidding for the purchase of the international Drug Store unit of Walgreens Boots Alliance Inc.


People with knowledge of the matter said on condition of anonymity that reliance Industries is in the initial stages of investigation for the acquisition of the boot chain. The company is examining whether this acquisition will be fair or beneficial for it.

Significantly, these days mukesh ambani is looking for good business opportunities in other sectors apart from his traditional refining-based business group. The company aims to bring more than 1 billion consumers of india under the ambit of the company's business. reliance Industries is also exploring opportunities in europe under this target. It also includes the telecom sector of Europe. According to a Bloomberg report, the value of Boots for any sale can be fixed at 7 billion pounds, or $ 9.1 billion.

According to sources with knowledge of the matter, discussions are going on on this issue. But it is not yet certain that reliance Industries will go ahead to buy Boots. A Walgreens representative declined to comment on the news. At the same time, there was no immediate reaction from reliance on this.

Let us tell you that Walgreens is an American company that runs an international Modal Store named Boots. According to a Bloomberg report, if the plan to sell Boots is not successful, then Walgreens may also consider bringing an IPO of Boots. Let us tell you that Boots runs a medical store chain through about 2200 stores in the UK. Apart from this, the company also does business in Ireland, Norway, Netherlands, and Thailand.

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D N INDUJAA

14/04/2022 10:40 PM