Published 2 months ago

Whirlpool Sells 24% Stake In India Unit For $468 Million

Summary by Ground News

Whirlpool Corp. offloaded 24% stake in its India unit via open market transactions for $468 million, or Rs 3,880 crore, on Tuesday. The shares were offloaded at Rs 1,277.02 apiece, higher than the floor price ofRs 1,230 apiece that was indicated in the term sheet. The transaction reduced the promoter's ownership in the company from 75% to 51%.

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Whirlpool Sells 24% Stake In India Unit For $468 Million

Whirlpool said on Tuesday it has executed a sale of 24% of its stake in its India unit for about $468 million.

2 months ago·New Delhi, India

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Whirlpool Sells 24% Stake In India Unit For Rs 3,880 Crore

Whirlpool Corp. offloaded 24% stake in its India unit via open market transactions for $468 million, or Rs 3,880 crore, on Tuesday.Whirlpool Mauritius Ltd., a wholly owned subsidiary of the American home appliance-maker, executed the sale of three crore shares of Whirlpool of India Ltd. via block deals.The shares were offloaded at Rs 1,277.02 apiece, higher than the floor price of Rs 1,230 apiece that was indicated in the term sheet.The transact…

2 months ago

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