Whirlpool
1,357.00
+7.60(+0.56%)
Market Cap₹17,216.51 Cr
PE Ratio48.15
Company Performance:
1D+0.56%
1M+3.02%
6M+41.63%
1Y-39.32%
5Y-36.56%
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More news about Whirlpool
29Apr 25
Whirlpool of India's Share Price Surges on Potential Stake Sale by Parent Company
Whirlpool Corporation is exploring the sale of up to 31% stake in Whirlpool of India, aiming to raise $550-600 million while retaining a 20% interest. The news caused Whirlpool of India's share price to surge by nearly 11%. Private equity firms including Advent International, Bain Capital, and TPG have been approached as potential buyers. This move could lead to significant changes in ownership structure and management control of the Indian subsidiary.
26Mar 25
Whirlpool of India Shares Tumble as Parent Plans Major Stake Reduction
Whirlpool Corporation plans to reduce its stake in Whirlpool of India from 51.00% to approximately 20.00% by mid to late 2025. This announcement has caused Whirlpool of India's stock to drop nearly 50.00% from recent highs, with the company now trading at less than 30 times earnings, significantly below its historical average of 45 times. This follows a previous 24.00% stake sale last year, indicating a continued divestment strategy.
04Mar 25
Whirlpool India Forms Committee to Address Parent Company's Potential Stake Reduction
Whirlpool India has established a dedicated committee to assess the implications of its parent company's announced potential sell-down. The committee, comprising key board members, will review and recommend actions, evaluate contractual relationships, and assess transition plans. The company has engaged M/s. AZB & Partners for legal assistance. This move signals Whirlpool India's proactive approach to address potential changes in its ownership structure, with potential impacts on its operations and market position in the Indian home appliance sector.
Whirlpool
1,357.00
+7.60
(+0.56%)
1 Year Returns:-39.32%
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