Whirlpool Mauritius Sells 11.23% Stake in Whirlpool of India

Whirlpool Mauritius, which owns a big part of Whirlpool of India, sold some of its shares.

They sold 11.23% of the company for ₹1,489.60 crore.

This is part of a bigger plan by the American company Whirlpool Corporation to own less of the Indian company.

After this sale, Whirlpool Mauritius now owns 39.77% of Whirlpool of India.

Other investors like HDFC Mutual Fund and Kotak Mahindra MF bought some of these shares.

The price of Whirlpool of India's shares went down by 11.32% on the day of the sale.

Whirlpool of India is a big company that makes home appliances and has factories in Faridabad, Puducherry, and Pune.