Reliance Retail completed the acquisition of Kelvinator from Electrolux Group for INR1.6bn.

Reliance Retail, a retail company, completed the acquisition of Kelvinator, a consumer electronics company, from Electrolux Group, a global appliance company, for INR1.6bn. "The acquisition of Kelvinator marks a pivotal moment, enabling us to significantly broaden our offering of trusted global innovations to Indian consumers. This is powerfully supported by our unmatched scale, comprehensive service capabilities, and market-leading distribution network,” Isha M Ambani, Reliance Retail Executive Director.