Reliance Industries is reportedly planning to submit a bid for Boots UK, a British medical retail chain, by month-end in a transaction which would cost as much as $10 billion. The acquisition would be the first big ticket overseas investment by Reliance after the company made a string of acquisitions in the American shale gas industry.
Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.
