Whirlpool India Shares Drop 20% as Parent Plans to Reduce Stake Further

Whirlpool of India share price fell 20% to ₹1,262.15 in Thursday’s intraday trade after its US-based parent, Whirlpool Corporation, announced plans to reduce its stake in the company to around 20% by mid-to-late 2025. The parent company will sell its shares through market transactions while remaining the largest shareholder.

Previous Stake Reduction

As of December 31, 2024, Whirlpool Mauritius, a wholly-owned subsidiary of Whirlpool Corporation, held a 51% stake in Whirlpool India. Earlier, on February 20, 2024, Whirlpool Mauritius had sold 30.4 million shares through an on-market trade, reducing its ownership from 75% to 51%. This sale generated around $468 million in gross proceeds.

Stock Performance and Market Impact

Whirlpool India’s stock had hit a 52-week low of ₹1,186.85 on February 27, 2024, but later surged 106% to a 52-week high of ₹2,450 on October 22, 2024. The latest announcement triggered a sharp decline in the share price.

India Remains a Key Market

Despite the planned stake reduction, Whirlpool Corporation sees India as a major growth market. The company remains committed to expanding its business in the country, including launching new products and integrating the recently acquired Elica India business.

Focus on Long-Term Growth

Whirlpool Corporation stated that reducing its stake will allow Whirlpool India greater flexibility to adapt to changing market conditions and focus on accelerated growth. The company will continue its brand licensing, technology agreements, and transition commitments to support Whirlpool India’s long-term success.

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