Reliance Industries and US buyout firm Apollo Global Management plan joint bid for Boots
Boots is a UK-based high street pharmacy chain
The deal would expand Boots’ presence to India, Southeast Asia and the Middle East
As per the plan, both Reliance and Apollo would own stakes in Boots
It is not sure if the size of the stake would be the same
Owners of the UK supermarket group Asda also have made a bid
The 173-year-old Boots business has 2,200 stores across the UK
It includes pharmacies, health and beauty stores
