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Evening Standard

Business

Mark Banham

BIZARRE: Indian s second richest man joins race to buy boots - You Need To See This

Boots Mukesh Ambani India Reliance Industries United Kingdom United States

Boots has more than 2200 locations in the UK and 51,000 staff
(Picture: (Matt Crossick/PA))

India’s second richest man has entered the bidding war for Boots, the UK’s biggest High Street pharmacist.

Mukesh Ambani is the biggest shareholder and chairman of retail-to-energy group Reliance Industries, which the Financial Times revealed is working on a bid for Boots in partnership with US investor Apollo Global Management.

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