WHIRLPOOL OF INDIA LIMITED
Location
Haryana
Founded
1960-07-09
Website
Risk Signals
276 news mentions monitored
Industry Context
This company is tracked across risk categories, including those related to its sector (e.g., Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment, Service Industry Machinery, Not Elsewhere Classified, Household Cooking Equipment, Household Refrigerators and HOme and Farm Freezers, Household Laundry Equipment), including supply chain integrity, ESG practices, labor disputes, and regulatory compliance.
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Recent Articles about WHIRLPOOL OF INDIA LIMITED
Live alerts from global media, monitored by Business Radar
2025-01-30 (outlookbusiness.com)
Whirlpool Plans Over 50% Stake Reduction in India Biz
The announcement by the US appliance giant comes at a time when its India business is delivering strong performance. The company reported a 40.13% rise in its consolidated net profit to Rs 53.53 crore in Q2 FY25
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2024-02-20 (business-standard.com)
SBI Mutual Fund among buyers of Whirlpool of India's nearly 24% stake
It sold 30.39 million shares at Rs 1,227 apiece. Among the buyers were SBI Mutual Fund (bought Rs 1,168 crore), Nippon India MF (Rs 102 crore), Aditya Birla Sun...
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2024-02-20 (businesstoday.in)
Whirlpool Mauritius sells 24% stake worth Rs 3,880 cr in Whirpool of India - Whirlpool Mauritius sells 24% stake worth Rs 3,880 cr in Whirpool of India BusinessToday
As per the notification, Aditya Birla Sunlife Mutual Fund, DSP Mutual Fund, ICICI Prudential Mutual Fund, Nippon India Mutual Fund, SBI Mutual Fund, Societe Generale ODI bought the shares.
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2024-02-19 (economictimes.com)
Foreign promoter likely to sell 24% stake in Whirlpool of India via block deals: Report
The floor price for the sale has been set at Rs 1,230 a share, which is at a discount of nearly 8% to the current market price of the stock. On Monday, Whirlpool shares closed nearly flat on the BSE at Rs 1,332.
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2023-11-30 (cnbctv18.com)
Whirlpool Corporation plans to sell up to 24% stake in Indian arm next year
On November 30, 2023, Whirlpool Corporation announced its intention to enter into one or more transactions to sell up to 24% of its ownership interest in Whirlpool of India Ltd in 2024, the company said in a regulatory filing, which was shared on BSE by Whirlpool of India.
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(prnewswire.com)
Whirlpool Announces Fourth-Quarter and Full-Year Results; Provides 2025 Guidance
-- Fourth-quarter net sales decline of (18.7)% due to the Europe divestiture; organic net sales(1) growth of 1.9% driven by strong small domestic appliances...
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(devdiscourse.com)
Whirlpool Corporation to Trim Stake in Indian Arm, Shares Slide 20% | Business
Shares of Whirlpool of India Ltd fell by 20% after Whirlpool Corporation announced plans to reduce its stake in the Indian arm to 20% by 2025. Currently holding 51% ownership, the company expects to remain the largest shareholder post-sell-down, aiming for increased autonomy and growth for Whirlpool India.
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(indiatimes.com)
Whirlpool to sell 24% stake in India business to reduce debt, Retail News, ET Retail
Whirlpool of India reported a 23.7% drop in second-quarter profit earlier this month, as the home appliances maker grappled with weak demand amid stiff competition. Michigan-based Whirlpool currently maintains a 75% ownership interest in the Indian company through a wholly-owned unit, and will retain a majority interest after the sale.
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