(Reuters] -Indian drug retailer Walgreens Boots Alliance is being considered by Reliance Industries (NASDAQ:) in a potential deal worth $7 billion ($9.17 billion), Bloomberg News reported Wednesday.

According to Boots’ website, the business includes 2,200 UK stores including health and beauty shops.

Reliance has not yet made a formal offer for Boots. Reliance and Walgreens were unavailable for comment immediately.

Walgreens USA, which is based in New York said it conducted a strategic review on the Boots company as the country’s second largest pharmacy chain. It also stated that the move was part of its renewed focus on domestic health care.

TDR Capital is another potential suitor for Boots. It owns Asda supermarket chain. A consortium consisting of CVC Capital Partners, Bain Capital and U.S. investor Apollo.

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