India Digest: ADIA to buy 20% in IIFL Finance; RIL-Apollo in race to buy Boots pharma

India Digest: ADIA to buy 20% in IIFL Finance; RIL-Apollo in race to buy Boots pharma

Photo by Tierra Mallorca on Unsplash

Abu Dhabi Investment Authority (ADIA) has agreed to invest $283 million in non-banking financial company IIFL Finance Limited. In another development, a consortium of Reliance Industries Ltd (RIL) and buyout firm Apollo Global Management Inc has joined the race to acquire Walgreens Boots Alliance Inc’s Boots pharmacy unit in the UK.