Whirlpool of India Promoter Plans Full Exit

whirlpool of India surged nearly 17% on September 23 after reports indicated that promoter Whirlpool Mauritius is preparing to sell its entire remaining stake in the company. According to CNBC-Awaaz, the deal is in its final stages, with an announcement expected in the coming weeks. Potential buyers include large institutional investors and a major multinational consumer durables firm. Whirlpool Mauritius currently holds a 39.76% stake, as per the June shareholding pattern. The promoter has been steadily reducing its holding over the past three years. It sold an 11.24% stake last year, bringing its ownership down from 75% to the current level. The move marks a significant shift for Whirlpool of India, which has long been associated with its global parent. Any successful stake sale could reshape the company’s ownership structure and influence its future growth plans in the competitive Indian consumer durables market.