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Ambani’s Reliance Studying Possible Bid for Walgreens’s Boots Chain

  • Conglomerate in early stages of exploring feasibility of bid
  • Indian group could face PE firms including Apollo, TDR
Mukesh Ambani
Mukesh AmbaniPhotographer: Dhiraj Singh/Bloomberg
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Billionaire Mukesh Ambani’s Reliance Industries Ltd. is weighing a possible bid for Walgreens Boots Alliance Inc.’s international drugstore unit, according to people familiar with the matter.

Reliance is in the early stages of exploring the feasibility of an offer for the Boots chain, the people said, asking not to be identified discussing confidential information.