Whirlpool of India Shares Hit 20% Upper Circuit on Promoter

of India shares jumped 20% to ₹865.35, hitting the upper circuit on Wednesday after reports indicated that promoter Whirlpool Mauritius could offload its entire remaining 39.76% stake in the company. The proposed transaction is reportedly drawing interest from institutional investors as well as a multinational consumer durables company. The stock attracted strong buying interest during the session, accompanied by a sharp rise in trading activity. Whirlpool Mauritius has been steadily reducing its holding in the Indian business, with its stake declining from 75% to 39.76% over the years. The reported stake-sale plan has not yet been confirmed by the company. Disclaimer: Investment in securities market are subject to market risks. Read all the related documents carefully before investing.