India billionaire Mukesh Ambani leads Reliance Industries Limited, constantly expanding its horizons by bringing big international brands into India. This time, they plan to close a deal with a massive UK pharmaceutical company called Walgreens Boots Alliance. 

Walgreens Boots Alliance Inc is a multi-billion dollar company in the United Kingdom. Mukesh Ambani is making significant strides to acquire the company and bring its medical stores and pharmaceutical business to India and has made a whopping offer. 

Ambani’s firm made a whopping deal with Walgreens to acquire its pharma brand, which has put the company’s valuation to around Rs 53,400 crore or $6.5 billion.

The company has been struggling since the pharmaceutical business expanded to online markets. If Mukesh Ambani’s deal goes through, the company will retain a minor stake in the organisation while the major control will go to Reliance.

If the Reliance-Walgreens deal is successful, Mukesh Ambani will introduce the company in India and launch an online drug store, giving tough competition to rivals like Ratan Tata’s Tata 1mg and Apollo Pharmacy.

Mukesh Ambani made the offer last year, and it is expected that Walgreens Boots will decide soon, adding yet another feather of foreign acquisitions to the billionaire’s cap.