Monday, May 23, 2022

ਵਾਹਿਗੁਰੂ

spot_img





Mukesh Ambani plans takeover bid for UK high street chain Boots

New Delhi, April 28, 2022- Indian billionaire Mukesh Ambani is reportedly planning a takeover bid for the UK high street chain Boots, a media report said.

Ambani is the biggest shareholder and chairman of retail-to-energy group Reliance Industries.

Reliance is reportedly working on the potential bid with US buyout firm Apollo Global Management, reports the BBC.

Earlier this year, the Walgreen Boots Alliance announced a review of the Boots business and reportedly put the company up for sale.

The deal could see Boots expand into India, Southeast Asia and the Middle East, according to The Financial Times, which first reported the joint bid citing people familiar with the matter.

Under the plan, Reliance and Apollo would reportedly own stakes in Boots, although it was not clear whether they would be equal partners in the business, the BBC reported.

Boots, which has more than 2,200 pharmacies, health and beauty stores in the UK, could be valued at as much as $7.5 billion.

The Walgreen Boots Alliance, Reliance and Apollo have not responded to the development.  (Agency)

Subscribe to YesPunjab Telegram Channel & receive important news updates

- Advertisement -

Yes Punjab - TOP STORIES

Punjab News

Sikh News

Transfers, Postings, Promotions

- Advertisement -spot_img

Stay Connected

20,323FansLike
114,302FollowersFollow

ENTERTAINMENT

National

GLOBAL

OPINION

How much and how often should courts adjudicate matters of religous fervour? – by Adeel Ahmed

New Delhi, May 22, 2022- In the old city of Jerusalem, there lies a 187-foot long ‘Western Wall, built by Herod on the western...

Cyber security conundrum – by D.C. Pathak

Sometimes the roots of a problem are obscured by discussions on the 'enormity' of its possible repercussions -- some of this is happening in...

Yasin Malik must pay for the genocide he masterminded – by Deepika Bhan

Coming down the stairs of Delhi's Rouse Avenue courts after being convicted for terror crimes, Yasin Malik wanted to speak to waiting mediapersons, but...

SPORTS

Health & Fitness

Fruits, veggies may help kids with ADHD fight inattention: Study

New York, May 22, 2022- Eating fruits and vegetables may help children with attention deficit hyperactivity disorder (ADHD) reduce inattention issues, a new study has suggested. Inattention is a hallmark of ADHD and creates trouble for children to focus, difficulty in remembering things and in regulating emotions. The study showed that kids who consumed more fruits and vegetables showed less severe...

Gadgets & Tech