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Reliance in Talks to Raise Up to $8 Billion for Boots, Mint Says

A Walgreens Boots Alliance Store Ahead Of Earnings Figures
Photographer: Luke Sharrett/Bloomberg

Reliance Industries Ltd. is in talks with several global banks to raise as much as $8 billion for its planned leveraged buyout of Walgreens Boots Alliance’s international arm, according to a report from Mint on Sunday. 

The report, which cited two people familiar with the discussions, said that Reliance is in talks with Barclays Bank Plc, Deutsche Bank AG, HSBC and Standard Chartered Bank to buy the Boots drugstore chain.