Whirlpool of India Shares Hit 20% Upper Circuit on Promoter

Whirlpool of India shares surged 20% to hit the upper circuit at ₹865.35 on Wednesday following reports that promoter Whirlpool Mauritius may sell its entire remaining 39.76% stake in the company. The potential transaction is reportedly attracting interest from institutional investors and a multinational consumer durables player. The stock witnessed heavy buying interest, with trading volumes rising sharply. Whirlpool Mauritius has been gradually reducing its holding in the Indian subsidiary, with its stake falling from 75% to 39.76% over recent years. The reported stake sale remains unconfirmed by the company. Disclaimer: Investment in securities market are subject to market risks. Read all the related documents carefully before investing.