New Delhi: Asia's number one billionaire Mukesh Ambani has come extremely close to another big deal. Mukesh Ambani's company Reliance Industries Limited (RIL) is very close to buying British medical retail chain Boots. To buy it, Reliance is bidding in association with US buyout firm Apollo Global Management Inc. According to sources, the joint bid of Reliance and Apollo may make the deal in its name. According to sources, Mukesh Ambani's company has come very close to the deal and it is possible that a decision on it may come by Friday. Since this news, the shares of Reliance Industries have become rockets. Shares of Reliance today rose 3 per cent to Rs 2,805.65 on the BSE.
Bloomberg released the report on May 26, stating that supermarket groups Asda and TDR Capital, backed by billionaire Issa brothers Mohsin and Zuber Issa, had won the biggest bid for the deal. However, according to a recent report, Ambani may make the deal his name. According to the report, if the deal is confirmed, the boots, led jointly by the two companies, will be able to expand to other countries in Asia, including India. There are more than 2,000 stores of boots in the UK.
Reliance Industries on Friday once again achieved a market capitalisation of Rs 19 lakh crore. The shares of the company have gained their lead. Shares of RIL rose over 3 per cent to Rs 2,816.35 on Friday, just a few per cent down from its 52-week high of Rs 2,855 on April 24, 2022. Reliance's shares have jumped nearly 14 per cent in the last two weeks, while the largest-ever Indian company in 2022 has grown by about 20 per cent.
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