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Reliance Industries Ltd — M&A Activity 2025
Jul 18, 2025
58986_rns_2025-07-18_887e3fa2-967f-4721-bfe1-12d6e5063d02.pdf
M&A Activity
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July 18, 2025
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BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, G Block, Dalal Street, Bandra-Kurla Complex, Mumbai 400 001 Bandra (East) Mumbai 400 051
Scrip Code: 500325
Trading Symbol: RELIANCE
Dear Sirs,
Sub: Media Release
Please find attached a media release by Reliance Retail Ventures Limited, a subsidiary of the Company, titled “Reliance Retail Acquires Kelvinator: Forging a New Era in India's Consumer Durables Market.”
This is for information and records.
Thanking you
Yours faithfully,
For Reliance Industries Limited
SAVITHRI Digitally signed by SAVITHRI PAREKH PAREKH Date: 2025.07.18 10:23:10 +05'30'
Savithri Parekh Company Secretary and Compliance Officer
Encl.: as above
Copy to:
Luxembourg Stock Exchange 35A Boulevard Joseph II, L-1840 Luxembourg
Singapore Exchange Limited 4 Shenton Way, #02-01 SGX Centre 2, Singapore 068807
Regd. Office: 3[rd] Floor, Maker Chambers IV, 222, Nariman Point, Mumbai- 400 021, India Phone #: +91-22-3555 5000, Telefax: +91-22-2204 2268. E-mail: [email protected], Website: www.ril.com CIN- L17110MH1973PLC019786
MEDIA RELEASE
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Reliance Retail Acquires Kelvinator: Forging a New Era in India's Consumer Durables Market
Mumbai, July 18, 2025: Reliance Retail today announced a landmark acquisition of Kelvinator, a strategic move poised to significantly amplify its leadership in India's fast-growing consumer durables sector. This acquisition is a testament to Reliance Retail's unwavering commitment to shaping the future of the consumer durable sector in India by delivering unparalleled value and choice to consumers, nationwide.
Kelvinator, a brand synonymous with trust and innovation for over a century, pioneered electric refrigeration for home use globally. In India, it achieved iconic status in the 1970s and 80s with its memorable tagline, "The Coolest One," and continues to be revered for its cutting-edge technology, superior performance, enduring quality, and exceptional value.
This acquisition strategically aligns with Reliance Retail's vision of democratizing aspirational living. By integrating Kelvinator's rich legacy of innovation with Reliance Retail's expansive and unparalleled retail network, the company is set to unlock substantial consumer value and accelerate growth in the rapidly expanding premium home appliances market across India. This synergy will ensure that high-quality, globally-benchmarked products are accessible to every Indian household, enhancing their daily lives.
"Our mission has always been to serve the diverse needs of every Indian by making technology accessible, meaningful, and future-ready," stated Isha M Ambani, Executive Director, Reliance Retail Ventures Limited (RRVL) . "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."
With Kelvinator now firmly integrated into its formidable ecosystem, Reliance Retail is strategically positioned to accelerate category growth, deepen consumer engagement, and unlock substantial long-term opportunities within India's dynamic consumer durables market. This move reinforces Reliance Retail's ambition to not only anticipate but meet the evolving demands of the Indian consumer, solidifying its position as the undisputed leader in the retail landscape.
About Reliance Retail Ventures Limited:
RRVL, through its subsidiaries and affiliates, operates an integrated omni-channel network of 19,340 stores and digital commerce platforms across Grocery, Consumer Electronics, Fashion & Lifestyle and Pharma consumption baskets, and has partnered with over 3 million merchants through its New Commerce initiative. Reliance Retail Limited, a subsidiary of RRVL, is the only Indian retailer in the global Top 100 and amongst the fastest growing retailers globally as per Deloitte's Global Powers of Retailing 2023. RRVL reported a consolidated turnover of ₹ 3,30,870 crore and EBITDA of ₹ 25,053 crore for the year ended March 31, 2025.
For media queries, please contact:
Manish Bhatia [email protected]
Reliance Retail Ventures Limited
CIN: U51909MH2006PLC166166 I Phone: +91 22 35553800 I Website: www.relianceretail.com I Email: [email protected] Registered Office: 4th Floor, Court House, Lokmanya Tilak Marg, Dhobi Talao, Mumbai-400 002, India