Whirlpool of India records block deal in 24.7% stake for Rs 4,039 crore
Tue, Feb 20, 2024 9:59 AM

Whirlpool of India records block deal in 24.7% stake for Rs 4,039 crore

A Flip by Avya Verma
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In a recent block deal, 3.2 crore shares of Whirlpool of India were sold by Whirlpool Mauritius Ltd, a promoter entity of the company, for approximately Rs 4,039 crore. The deal represents 24.7 percent stake and the promoter group plans to reduce their overall stake in the company to 51 percent. The base size of the deal is $282 million, with an upside option of $169 million.

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