Reliance buys home appliances maker Kelvinator from Sweden's Electrolux
Electrolux in a quarterly earnings update recognised a gain of 180 million Swedish crowns ($18.5 million) from the divestment of Kelvinator brand in India.
Reliance did not disclose financial details of the deal.
Kelvinator is best known for its range of refrigerators.
Reliance Retail has a network of 'Reliance Digital' stores that sell electronics, ranging from smartphones and laptops to washing machines and fridges. The company's investors include the likes of Qatar Investment Authority and KKR (KKR.N), opens new tab.
($1 = 9.7064 Swedish crowns)
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