Whirlpool of India Attracts Potential Buyers for Controlling Stake
Whirlpool of India, a leading home appliance manufacturer, has reportedly drawn interest from several high-profile potential buyers seeking a controlling stake. The list of interested parties includes Havells India Ltd, Reliance Retail, and unnamed private equity firms. This development could lead to significant changes in the company's ownership and control structure, potentially affecting its business strategy, market focus, and future expansion plans. No official confirmation or details about ongoing negotiations have been provided by Whirlpool of India or the potential acquirers.
Whirlpool of India: Q4 Profit Surges 54%, Declares ₹5 Dividend
Whirlpool of India posted impressive Q4 results with revenue rising to ₹2,004.70 crore, up 15.61% year-over-year. Net profit surged 53.61% to ₹119.20 crore, while EBITDA increased by 27.15% to ₹183.10 crore. The company's board recommended a final dividend of ₹5 per equity share.
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.