Whirlpool of India shares crack 13% as promoter likely sells 12% equity stake via block deal

Whirlpool Mauritius plans to sell up to 7.5% of its stake in Whirlpool of India, valued at approximately Rs 965 crore, through a block deal. The floor price is set at Rs 1,030 per share, a 14% discount to the current market price. This move comes as the company’s stock has underperformed and its recent quarterly earnings showed a decline.

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