19th February

Whirlpool to sell 24% Stake in Indian Unit to Boost Financial Health Amid Market Dynamics

Whirlpool Corporation, the foreign promoter of Whirlpool of India, is set to make a substantial move in the Indian stock market by selling up to a 24% stake in the company through block deals, with the transaction estimated to be around $450 million, according to a Reuters report. This strategic decision aligns with Whirlpool’s broader plan to enhance its financial standing by reducing debt.

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