Whirlpool of India shares surged nearly 20% today after reports that promoter Whirlpool Mauritius is preparing to sell its entire remaining 39.76% stake. The stock hit the upper circuit at ₹865.35, marking a sharp rebound from recent lows. Investors are closely watching for confirmation of the deal and its impact on brand licensing and future strategy.
📈 Key Market Update
Stock Price Movement:
Opened at ₹722.05
Hit upper circuit at ₹865.35 (+20%)
Rebounded 22.5% from 52-week low of ₹706.30 (touched on Sept 18)
Promoter Exit:
Whirlpool Mauritius currently holds 39.76% stake.
Reports suggest final talks to sell entire holding.
Potential buyers include institutional investors and multinational consumer durable firms.