Reliance Retail acquires Kelvinator to boost its presence in India's consumer durables sector, merging its retail network with Kelvinator's innovation legacy.

Nuvama raises target price on LTIMindtree to ₹6,200; ICICI Securities & Choice Institutional retain ‘reduce’ ratings

The stock opened at ₹268.60 and touched a high of ₹271.90 during morning trade, with heavy volumes of 201.84 lakh shares traded worth ₹541.22 crore

“This acquisition strategically aligns with Reliance Retail’s vision of democratising aspirational living,” Reliance Retail said in a statement

Kelvinator, famed for pioneering home refrigeration and its iconic 1970s-80s tagline "The Coolest One," is expected to significantly enhance Reliance’s product portfolio and brand value.

The acquisition aligns with Reliance Retail’s strategy to expand its consumer durables offerings through its extensive retail network of 19,340 stores and digital platforms

To celebrate this massive milestone, Tata Motors has rolled out the “India Ki SUV” campaign, honouring the lakhs of people who’ve made Punch a part of their lives.