UK retailer Boots may soon belong to Indian billionaire Mukesh Ambani ...Middle East

Billionaire Mukesh Ambani may be eyeing British high-street chain Boots.His Reliance Industries (RIL), along with US buyout firm Apollo Global Management, is reportedly considering a joint bid for the Nottingham-based retail brand. If all goes by Ambani’s plan, Boots could soon make its India debut along with an expansion in South East Asia and the Middle East.“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,” A Financial Times report stated.Read the rest of this story on qz.com. Become a member to get unlimited access to Quartz’s journalism.

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