These numbers make Boots a lucrative proposition for Ambani. It brings two immediate advantages to him. First is the business logic both in the UK and India. In the post-Covid-19 world, pharma companies have rediscovered their love for associating with government programmes all over the world. Boots already has a monopolistic alliance with the UK government that can service as a template for Ambani to expand it in other European countries. At the same time, the pharmacy segment is a lacuna in Ambani’s retail business in India, where he has touched upon almost all other retail segments in the organised retail space. With Boots in tow, Ambani can tom-tom his presence in another retail segment. Given that Ambani is known for creating the whole supply-chain linkages from the producer to the consumer via all the intermediaries and the fact India is a pharma hub with its generic push that gives it a global advantage, do not be surprised if tomorrow Ambani ties Indian pharma companies with Boots services and stores for European government programmes, where, unlike India, investments in public health is often an election issue.