Reliance Retail acquires the Kelvinator brand from Electrolux, targeting India’s growing consumer durables market, especially refrigerators and appliances.

• Electrolux recognized $18.5 million gain from the Kelvinator India sale; Reliance did not disclose the deal value.
• Kelvinator strengthens Reliance Digital’s portfolio in electronics and home appliances across its retail network.
• Qatar Investment Authority and KKR are key investors in Reliance’s expanding retail business operations.